Common Stock (Tables)

3 Months Ended

Mar. 31, 2022

Stockholders' Equity Note [Abstract]

Summary of Stock by Class

	February 8, 2022
	(Closing Date)
	Preferred Stock Shares		Exchange Ratio		Common Stock Shares
Series Seed Convertible Preferred Stock (Legacy Quanergy)		2,231,248		3.8799		8,657,100
Series Seed-2 Convertible Preferred Stock (Legacy Quanergy)		495,417		3.8799		1,922,184
Series A Convertible Preferred Stock (Legacy Quanergy)		3,233,871		3.8799		12,547,237
Series A Plus Convertible Preferred Stock (Legacy Quanergy)		790,500		3.8799		3,067,096
Series B Convertible Preferred Stock (Legacy Quanergy)		778,839		11.5423		8,989,588
Series C Convertible Preferred Stock (Legacy Quanergy)		165,237		14.3118		2,364,817
Total		7,695,112				37,548,022

Summary of Stockholders' Equity Note, Warrants or Rights

As of March 31, 2022, the Company had the following common stock warrants outstanding to purchase shares of the Company’s common stock:

			Exercise
	Shares		Price		Expiration
Public Warrants		13,799,988	$	11.50	February 2027
Private Placement Warrants		7,520,000		11.50	February 2027
GEM Warrants		3,397,923		10.00	February 2025
2023 Notes Warrants		6,917,883		0.01	March 2025
Sensata Warrants		2,500,000		0.01	June 2026
Total		34,135,794

Summary of Fair Value Measurements Inputs

The key inputs into the Black Scholes Option Pricing Model for the Private Placement Warrants were as follows:

Input	March 31, 2022			February 8, 2022
Risk-free interest rate		2.42	%		1.81	%
Expected term (years)		4.86			5
Expected volatility		61	%		20.9	%
Dividend yield		0	%		0	%
Exercise price	$	11.50		$	11.50
Price of underlying common stock	$	1.84		$	7.05

Summary of Reconciliation of Changes in Fair Value

The following table provides a reconciliation of changes in fair value of the beginning and ending balances for the liabilities classified as Level 3:

	Warrant
Fair value at February 8, 2022	$	3,248
Change in fair value of Private Placement Warrants		(1,439	)
Fair value at March 31, 2022	$	1,808