Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
__________________________________________
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
__________________________________________
QUANERGY SYSTEMS, INC.
(Name of Issuer)
__________________________________________
Common stock, $0.0001 par value per share
(Title of class of securities)
74764U 104
(CUSIP Number)
__________________________________________
February 8, 2022
(Date of event which requires filing this statement)
__________________________________________
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ☐ | Rule 13d-1(b) | ||||
| ☒ | Rule 13d-1(c) | ||||
| ☐ | Rule 13d-1(d) | ||||
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 74764U 104 | ||||||||||||||
| 1 | NAME OF REPORTING PERSON | |||||||||||||
| Sensata Technologies Holding plc | ||||||||||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | |||||||||||||
| (a) ☐ | ||||||||||||||
| (b) ☐ | ||||||||||||||
| 3 | SEC USE ONLY | |||||||||||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | |||||||||||||
| England and Wales | ||||||||||||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON | 5 | SOLE VOTING POWER | ||||||||||||
8,249,997 (1) | ||||||||||||||
| 6 | SHARED VOTING POWER | |||||||||||||
| 0 | ||||||||||||||
| 7 | SOLE DISPOSITIVE POWER | |||||||||||||
8,249,997 (1)(2) | ||||||||||||||
| 8 | SHARED DISPOSITIVE POWER | |||||||||||||
| 0 | ||||||||||||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON | |||||||||||||
8,249,997 (1) | ||||||||||||||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | |||||||||||||
| ☐ | ||||||||||||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |||||||||||||
9.9% (3) | ||||||||||||||
| 12 | TYPE OF REPORTING PERSON | |||||||||||||
| CO | ||||||||||||||
(1) The shares consist of 5,749,997 shares of Common Stock, including 750,000 unregistered shares purchased by the Reporting Person in PIPE financing, and 2,500,000 shares of Common Stock that would be issuable upon exercise of warrants as of or within 60 days of February 8, 2022 by the Reporting Person. | ||||||||||||||
(2) Reporting person is subject to a lock-up agreement on these shares for a period of 6 months after acquisition. | ||||||||||||||
(3) Beneficial ownership based on 83,412,347 shares of the Issuer’s common stock outstanding as of February 8, 2022 as reported in the Issuer’s Form 8-K Current Report filed with the SEC on February 14, 2022. | ||||||||||||||
| Item 1(a) | Name of Issuer | ||||
| Quanergy Systems, Inc. | |||||
| Item 1(b) | Address of Issuer’s Principal Executive Offices | ||||
| 433 Lakeside Drive, Sunnyvale, California, 94085 | |||||
| Item 2(a) | Name of Person Filing | ||||
| Sensata Technologies Holding plc | |||||
| Item 2(b) | Address of Principal Business Office | ||||
| 529 Pleasant Street, Attleboro, MA 02703 | |||||
| Item 2(c) | Citizenship | ||||
| Place of organization of the corporation is England and Wales | |||||
| Item 2(d) | Title of Class of Securities | ||||
| Common Stock, $0.0001 par value per share | |||||
| Item 2(e) | CUSIP Number | ||||
| 74764U 104 | |||||
| Item 3 | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | ||||
| (a) ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |||||
| (b) ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |||||
| (c) ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |||||
| (d) ☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); | |||||
| (e) ☐ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); | |||||
| (f) ☐ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); | |||||
| (g) ☐ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |||||
| (h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |||||
| (i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |||||
| (j) ☐ A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); | |||||
| (k) ☐ Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ | |||||
| Item 4 | Ownership | ||||
| The information required by Items 4(a)-(c), as of the date hereof, is set forth in Rows 5-11 of the cover page hereto and is incorporated herein by reference. | |||||
| Item 5 | Ownership of Five Percent or Less of a Class | ||||
| If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐. | |||||
| Item 6 | Ownership of More than Five Percent on Behalf of Another Person | ||||
| N/A | |||||
| Item 7 | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company | ||||
| Sensata Technologies, Inc. | |||||
| Item 8 | Identification and Classification of Members of the Group | ||||
| N/A | |||||
| Item 9 | Notice of Dissolution of Group | ||||
| N/A | |||||
| Item 10 | Certification | ||||
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. | |||||
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| SENSATA TECHNOLOGIES HOLDING PLC | |||||||||||||||||
| /s/ Maria Freve | |||||||||||||||||
| Date: | April 11, 2022 | Name: Maria Freve | |||||||||||||||
| Title: Vice President and Chief Accounting Officer | |||||||||||||||||