GigCapital7 announced the pricing of its downsized $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GIGGU”, Thursday, August 29, 2024.
The new SPAC intends to combine with a technology target in the AI, medtech, sustainability, and broader TMT sectors.
GigCapital7’s sponsor team is to be led by Chairman and Chief Executive Officer, Dr. Avi S. Katz, alongside Chief Financial Officer, Christine Marshall. Dr. Raluca Dinu, Raanan I. Horowitz, Karen Rogge, Professor Darius Moshfeghi, and Ambassador Adrian Zuckerman are to serve on the SPAC’s Board of Directors.
Total SPAC deal count for 2024 year-to-date is now 29. This offering is expected to close on Friday, August 30, 2024.
Craft Capital Management and EF Hutton are serving as joint book-running managers for the offering. DLA Piper LLP is serving as Issuer’s Counsel with Lucosky Brookman LLP serving as Underwriter’s Counsel. BPM LLC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Horizon Space II (NASDAQ:HPSTU) has filed for a $60 million IPO to be the latest entry in the smaller tier of SPACs and underwriters to put a fresh try in motion. Since August 1, nine of the 17 new SPAC S-1’s have sought less than $200 million in their IPOs and smaller institutions like BTIG...
Flag Ship (NASDAQ:FSHP) has entered into a definitive agreement to combine with optoelectronics firm Great Rich Technologies (KOSDAQ:900290) for undisclosed terms. Great Rich manufacturers polypropylene products for consumer electronics including precision films and coatings for sensitive instruments. The combined company is expected to list American Depositary Shares (ADSs), which will trade on the Nasdaq once...
At the SPAC of Dawn With one new entry in each of the SPAC deal, IPO and new S-1 filing columns, there are revived hopes that the market will regain the pace it had set in August and September. Aldel Financial II Inc.‘s (NASDAQ:ALDFU) IPO slated for today is October’s fourth after September turned out...
Aldel Financial II Inc. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALDFU”, Tuesday, October 22, 2024. The new SPAC plans to combine with an established business of scale with prospects for positive cash flow and the infrastructure to handle being...
Investcorp AI (NASDAQ:IVCA) has advanced to a definitive agreement to combine with software firm Bigtincan (ASX:BTH) at an equity value of $275 million. Sydney, Australia-based Bigtincan provides a software platform for enterprise clients to onboard and optimize employee performance. The combined company is expected to trade on the Nasdaq once the deal is completed in...