GigCapital5 Cuts Deal Size 43% Ahead of $200M IPO


GigCapital5, a SPAC led by co-founder Dr. Avi Katz, lowered its planned offering to 20 million units, down 43% from the 35 million units initially registered in March. A unit will still consist of one share and one-third of a warrant.

William Blair & Co is the book-runner for the offering. The underwriter’s over-allotment option has been trimmed to 3 million units, down from 5.25 million.

The SPAC’s focus remains on companies in the TMT, A&D, intelligent automation and sustainable industries.

Katz’s GigCapital2 closed a merger with UpHealth in June. Read more.

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