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"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)
(Amendment No. 1)*
| QUANERGY SYSTEMS, INC. |
| (Name of Issuer) |
| Common Stock, $0.0001 par value per share |
| (Title of Class of Securities) |
| 74764U 104 |
| (CUSIP Number) |
| November 2, 2022 |
| (Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ☐ |
Rule 13d-1(b)
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☒
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Rule 13d-1(c)
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☐
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Rule 13d-1(d)
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*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 disclosures
provided in a prior cover page.
The information required on 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).
(Continued on following pages)
Page 1 of 9
Exhibit Index on Page 8
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CUSIP # 74764U 104
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Page 2 of 9
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1
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NAMES OF REPORTING PERSONS
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GEM Global Yield LLC SCS (“GEM Investor”)
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Luxembourg
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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-0-
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6
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SHARED VOTING POWER
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1,315,842(1)
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7
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SOLE DISPOSITIVE POWER
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-0-
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8
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SHARED DISPOSITIVE POWER
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1,315,842(1)
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,315,842 (1)
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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8.1%(2)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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PN
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| 1. |
Consists of 1,315,842 Common Stock, $0.0001 par value per share (“Common Stock”) of Quanergy Systems, Inc. (the “Issuer”) held by GEM Investor. GEM GP (as defined below) is the general partner of GEM Investor. Christopher F. Brown is the
sole beneficial owner of GEM GP and has voting and dispositive power over the shares held by GEM Investor.
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| 2. |
The percentage ownership is based upon 16,164,406 shares outstanding, including 1,315,842 shares of Common Stock that are the subject of this Schedule 13G, based on the issuer’s current report on Form 8-K, filed on November 2, 2022.
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CUSIP # 74764U 104
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Page 3 of 9
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1
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NAMES OF REPORTING PERSONS
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Gem Global Yield Fund LLC (“GEM GP”)
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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-0-
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6
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SHARED VOTING POWER
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1,315,842(1)
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7
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SOLE DISPOSITIVE POWER
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-0-
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8
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SHARED DISPOSITIVE POWER
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1,315,842(1)
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,315,842(1)
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (S
EE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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8.1%(2)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO
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| 1. |
Consists of 1,315,842 shares of Common Stock held by GEM Investor. GEM GP is the general partner of GEM Investor. Christopher F. Brown is the beneficial sole owner of GEM GP and has voting and dispositive power over the shares held by GEM
Investor.
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| 2. |
The percentage ownership is based upon 16,164,406 shares outstanding, including 1,315,842 shares of Common Stock that are the subject of this Schedule 13G, based on the issuer’s current report on Form 8-K, filed on November 2, 2022.
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CUSIP # 74764U 104
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Page 4 of 9
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1
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NAMES OF REPORTING PERSONS
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Christopher F. Brown
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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-0-
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6
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SHARED VOTING POWER
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1,315,842(1)
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7
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SOLE DISPOSITIVE POWER
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-0-
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8
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SHARED DISPOSITIVE POWER
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1,315,842(1)
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,315,842(1)
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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8.1%(2)
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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| 1. |
Consists of 1,315,842 shares of Common Stock held by GEM Investor. GEM GP is the general partner of GEM Investor. Christopher F. Brown is the beneficial sole owner of GEM GP and has voting and dispositive power over the shares held by GEM
Investor.
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| 2. |
The percentage ownership is based upon 16,164,406 shares outstanding, including 1,315,842 shares of Common Stock that are the subject of this Schedule 13G, based on the issuer’s current report on Form 8-K, filed on November 2, 2022.
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CUSIP # 74764U 104
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Page 5 of 9
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| ITEM 1(A). |
NAME OF ISSUER
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Quanergy Systems, Inc. (the “Issuer”)
| ITEM 1(B). |
ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES
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433 Lakeside Drive
Sunnyvale, California 94085
| ITEM 2(A). |
NAME OF PERSONS FILING
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This Schedule is jointly filed by GEM Global Yield LLC SCS (“GEM Investor”), Gem Global Yield Fund LLC (“GEM GP”), and Christopher F. Brown, a United States citizen. The foregoing entities and person
are collectively referred to as the “Reporting Persons.”
| ITEM 2(B). |
ADDRESS OF PRINCIPAL OFFICE
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The address of the principal place of business of GEM Investor is 12C, rue Guillaume J. Kroll, L-1882 Luxembourg. The address of the principal place of business of the other Reporting Persons is 9 West 57th Street, New
York, NY 10019.
| ITEM 2(C). |
CITIZENSHIP
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See Row 4 of cover page for each Reporting Person.
| ITEM 2(D). |
TITLE OF CLASS OF SECURITIES
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Class A ordinary shares, $0.0001 par value per share of the Issuer (the “Common Stock”)
| ITEM 2(E) |
CUSIP NUMBER
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74764U 104
| ITEM 3. |
Not applicable.
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| ITEM 4. |
OWNERSHIP
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GEM Investor holds 1,315,842 shares of Common Stock. GEM GP is the general partner of GEM Investor. Christopher F. Brown is the sole beneficial owner of GEM GP and has voting and dispositive power over the shares held by
GEM Investor.
On October 5, 2022, GEM Investor purchased 2,991,895 shares of Common Stock from the Issuer. On October 6, 2022, the Issuer conducted a reverse stock split at a ratio of one-for-twenty, following which
the Reporting Persons held, directly or indirectly, 685,842 shares of the Issuer’s Common Stock.
On November 2, 2022, GEM Investor purchased 630,000 shares of Common Stock from the Issuer, following which purchase the Reporting Persons held, and continue to hold, directly or indirectly, 1,315,842 shares of Common
Stock, or approximately 8.1% of the Issuer’s outstanding Common Stock.
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CUSIP # 74764U 104
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Page 6 of 9
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| (a) |
Amount beneficially owned:
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See Row 9 of cover page for each Reporting Person.
| (b) |
Percent of Class:
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See Row 11 of cover page for each Reporting Person.
| (c) |
Number of shares as to which such person has:
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| (i) |
Sole power to vote or to direct the vote:
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See Row 5 of cover page for each Reporting Person.
| (ii) |
Shared power to vote or to direct the vote:
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See Row 6 of cover page for each Reporting Person.
| (iii) |
Sole power to dispose or to direct the disposition of:
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See Row 7 of cover page for each Reporting Person.
| (iv) |
Shared power to dispose or to direct the disposition of:
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See Row 8 of cover page for each Reporting Person.
| ITEM 5. |
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
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Not applicable.
| ITEM 6. |
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
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Not applicable.
| ITEM 7. |
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
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Not applicable.
| ITEM 8. |
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
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Not applicable
| ITEM 9. |
NOTICE OF DISSOLUTION OF GROUP.
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Not applicable
| ITEM 10. |
CERTIFICATION.
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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.
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CUSIP # 74764U 104
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Page 7 of 9
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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.
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Date: November 14, 2022
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GEM Global Yield LLC SCS
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By:
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/s/ Christopher F. Brown
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Name:
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Christopher F. Brown
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Title:
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Manager
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GEM Global Yield Fund LLC
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By:
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/s/ Christopher F. Brown
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Name:
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Christopher F. Brown
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Title:
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Manager
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By:
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/s/ Christopher F. Brown
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Name:
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Christopher F. Brown
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CUSIP # 74764U 104
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Page 8 of 9
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EXHIBIT INDEX
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Found on
Sequentially
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Exhibit
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Numbered Page
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Exhibit A: Agreement of Joint Filing
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9
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CUSIP # 74764U 104
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Page 9 of 9
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EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of the Issuer shall be filed on behalf of each of the undersigned and that this
Agreement shall be filed as an exhibit to such Schedule 13G.
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Date: November 14, 2022
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GEM Global Yield LLC SCS
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By:
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/s/ Christopher F. Brown
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Name:
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Christopher F. Brown
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Title:
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Manager
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GEM Global Yield Fund LLC
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By:
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/s/ Christopher F. Brown
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Name:
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Christopher F. Brown
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Title:
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Manager
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By:
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/s/ Christopher F. Brown
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Name:
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Christopher F. Brown
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