GigCapital4, Inc. (GIGU) Prices upsized $312M IPO

SPAC pricing

GigCapital4, Inc. (GIGU) Prices upsized $312M IPO

GigCapital4, Inc. announced the pricing of its upsized $312 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “GIGGU” Tuesday, February 9.

The new company aims to combine with a mid-sized business that leads its market sector in technology or sustainability. GigCapital4 is led by President, CEO and Secretary Dr. Raluca Dino, Executive Chairman Dr. Avi S. Katz and CFO Brad Weightman.

Total SPAC deal count for 2021 year-to-date is now 126 with $37.2 billion in gross proceeds raised. This offering is expected to close on Thursday, February 11.

Oppenheimer & Co. Inc. and Nomura Securities International Inc. are acting as the joint book-running managers for the offering. DLA Piper LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. BPM LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.