GigCapital7 (GIGGU) Prices Downsized $200M IPO

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.