GigCapital7 Corp. Announces Closing of $200,000,000 Initial Public Offering
30 Agosto 2024 - 5:10PM
Business Wire
GigCapital7 Corp. (NASDAQ: GIGGU) (the “Company”), a Cayman
Islands exempted company, announced today that it has closed its
initial public offering of 20,000,000 units at $10.00 per unit.
Each unit consists of one (1) Class A ordinary share and one (1)
redeemable warrant. The gross proceeds to the Company from the
offering, before deducting underwriting discounts and commissions
and other offering expenses, were $200,000,000, and net proceeds
from the offering and concurrent private offerings by the Company
were approximately $201,950,000, of which $200,000,000 has been
deposited into a trust account maintained by Continental Stock
Transfer & Trust Company acting as trustee.
The units are listed on The Nasdaq Global Market (“NASDAQ”) and
began trading under the ticker symbol “GIGGU” on August 29, 2024.
Once the securities comprising the units begin separate trading,
the common stock and warrants are expected to be listed on NASDAQ
under the symbols “GIG,” and “GIGGW,” respectively.
Craft Capital Management LLC acted as a joint book-running
manager with EF Hutton LLC in the offering. Lucosky Brookman LLP
served as legal counsel to the underwriters. DLA Piper LLP (US)
served as counsel to the Company.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
August 28, 2024. The offering is being made only by means of a
prospectus. Copies of the prospectus may be obtained, when
available, from EF Hutton LLC, Attn: Syndicate Department, 590
Madison Ave., 39th Floor, New York, New York 10022, by telephone at
(212) 404-7002, by fax at (646) 861-4697, or by email at
syndicate@efhutton.com. Copies of the registration statement can be
accessed through the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About GigCapital7 Corp.
GigCapital7 Corp. is a blank check company formed for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with
one or more businesses. The Company's efforts to identify a
prospective target business will not be limited to a particular
industry or geographic region.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and the anticipated use of the net proceeds.
Forward-looking statements are statements that are not historical
facts. Such forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company’s registration statement and final prospectus for the
Company’s offering filed with the SEC, which could cause actual
results to differ from the forward-looking statements. Copies are
available on the SEC’s website, www.sec.gov. The Company expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company's expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based, except as required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240830418547/en/
Christine M. Marshall Chief Financial Officer
christine@gigcapitalglobal.com (650) 276-7040
GigCapital7 (NASDAQ:GIGGU)
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