Quanergy's stock plunged 70% in 2 days amid a cash crunch, a new stock offering, layoffs and a de-listing threat

A planned stock sale to raise much needed cash seems to have sparked a sell-off in the lidar-maker's shares.

Quanergy's stock plunged 70% in 2 days amid a cash crunch, a new stock offering, layoffs and a de-listing threat
A planned stock sale to raise much needed cash seems to have sparked a sell-off in the lidar-maker's shares.