GigCapital4 priced its upsized IPO of 31.2 million units $10 per unit. The SPAC offered 5.2 million more units than the 26 million units originally anticipated to upsize the offer 20 percent.
Units begin trading today on the Nasdaq under GIGGU. Once the securities comprising the units begin separate trading, shares and warrants are expected to be trade under GIG and GIGGW, respectively.
The SPAC plans to acquire and operate a business with an enterprise value larger than $750 million in the TMT (telecomm, media and technology) sector and sustainable industries.
The offering is expected to close Feb. 11.
GigCapital4 is led by Executive Chairman Avi Katz whose third blank-check company is in a a pending business combination with Lightning eMotors. Read more.
