GigCapital2 set a June 4 meeting for shareholders to vote on its proposed business combinations with UpHealth Holdings and Cloudbreak Health. The combined companies would have an enterpirse value of $1.35 billion.
The SPAC raised $130 million in an IPO two years ago. Since then GigCapital2 has raised $285 million from institutional investors for its business combinations with the digital healthcare companies.
The PIPE raise includes an aggregate of 3 million shares of GigCapital2 common stock at $10 per share and $255 million of 5-year unsecured convertible notes bearing 6.25 percent interest, and are convertible into common shares of the combined company at $11.50 each. Read more.
