QNGY - Quanergy Systems gets NYSE non-compliance notice regarding market cap

• Quanergy Systems ( NYSE: QNGY ) said Friday it received an NYSE notice that it was not in compliance with continued listing standards as its average global market cap over a 30 trading-day period was less than $50M.
• Additionally, QNGY's last reported shareholders' equity was less than $50M.
• QNGY has 45 days from receipt of the notice to submit a plan that would make it compliant within 18 months of receipt of the notice.
• The company is considering all available options to regain compliance with NYSE's continued listing rules.
• Last month, QNGY received a non-compliance notice regarding minimum stock trading price.

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