GigCapital2 Makes a Surprise Upsize and Prices $150M IPO

SPAC pricing

GigCapital2 Makes a Surprise Upsize and Prices $150M IPO

GigCapital2, Inc. (GIX.U), after a few pricing delays and a last minute change in terms, announced this morning that not only have they priced their IPO, but they also managed to upsize a full $20 million to $150.0 million in gross proceeds raised.  Gig2’s units are expected to begin trading today, June 6th, under the symbol NYSE: GIX.U.

GigCapital2, which will be focusing on the technology, media and telecom sectors and will once again be led by Avi S. Katz, as Executive Chairman of the Board, Secretary, President and CEO.

Total SPAC deal count for 2019 year-to-date is now 25 with $5.512 billion in gross proceeds raised. The offering is expected to close on June 10, 2019.

Congratulations to all.


EarlyBirdCapital, Inc. and Northland Securities, Inc. acted as joint book-running managers and Odeon Capital Group LLC acted as co-manager.
Crowell & Moring LLP and Greenberg Traurig, LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively.