GigCapital3, Inc. (GIK.U), announced the pricing of their $200 million IPO this evening and the units are expected to begin trading tomorrow, Thursday, March 14th, under the symbol NYSE: GIK.U.
GigCapital3 is the third SPAC from the GigCapital team, having previously closed their first combination with Kaleyra, Inc. (KLR). GigCapital3 will once again be led by Dr. Avi Katz, as Executive Chairman of the Board of Directors, Secretary, President and Chief Executive Officer, and will be focusing on companies in the technology, media and telecom (TMT) sectors.
Total SPAC deal count for 2020 year-to-date is now 23 with $6.936 billion in gross proceeds raised. The offering is anticipated to close on Monday, March 18, 2020.
Nomura Securities International, Inc., and Oppenheimer & Co. Inc., acted as joint book-running managers of the offering. Odeon Capital Group LLC, acted as co-manager. Crowell & Moring LLP and Sidley Austin LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. BPM LLP acted as auditor.
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LatAmGrowth SPAC (NASDAQ:LATG) announced in an 8-K that it adjourned its special meeting yesterday to liquidate early and will reconvene it at 2 pm ET September 28. The proposals on its ballot would have initiated the process of winding down the SPAC and returning all trust capital to investors outside of $100,000 for dissolution expenses....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. JSE reviewing listing requirements with aim to simplify them The Johannesburg Stock Exchange will be reviewing all its listings requirements with the objective of further simplifying its requirements, as part of its ongoing efforts to create an...
Nabors Energy Transition Corp. (NYSE:NETC) announced this morning that Vast has added an equity commitment of up to $10 million to its combination with concentrated solar power producer Vast. The new commitment comes at $10.20 per share from the Canberra Airport Group and half of it is to come up front at close. A further...
M3-Brigade III (NYSE:MBSC) announced this morning that it has closed its combination with Canadian energy producer Greenfire and the combined company is expected to trade on the NYSE under the symbol “GFR” later today. Concurrent with close, Greenfire also issued $300 million in new senior secured notes at a 2% discount, priced at $980 per...