Prepaid expenses and other current assets 730,390 Total current assets $ 12,767,723 Property and equipment, net $ - Operating lease assets 478,156 Other long-term assets 229,031 Total assets $. | May 9, 2023
Debtor s Name Quanergy Systems, Inc. Save Case No. 22-11305 UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In Re. Clear All Fields Save Quanergy Systems, Inc. Case No.. | March 28, 2023
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After the Paycheck Protection Program (the PPP ) was
established in The Coronavirus Aid, Relief, and Economic Security
Act (the “CARES Act”), enacted on March 27, 2020,
debtors in bankruptcy cases applied for PPP loans. The Small
Business Administration (the SBA”) opposed PPP loans
for debtors, and courts were split as to whether the SBA could
block debtors from qualifying for and receiving PPP loans. Then
Congress passed the Consolidated Appropriations Act, 2021 (Act)
(Pub. L. No. 116-260), which was signed into law on December 27,
2020 (the “CAA”). The CAA amends the United States