GigCapital6, a SPAC led by blank-check veteran Dr. Avi Katz, today in an amended S-1 filing said it will now offer 20 million units at $10 each, down from the 35 million units initially registered in March 2021. Each unit consists of a share and half a warrant.
The SPAC will look for a business “with a goal of reaching an enterprise value of over $400 million in the TMT, cloud connectivity, artificial intelligence, machine learning, big data analytics, aerospace and defense, biotechnology, medical technology, pharmatech, medical equipment, semiconductors, cybersecurity, privacy and sustainable industries,” the filing states.
Wells Fargo is sole book-running manager of the offering.
GigCapital6 intends to apply for a NYSE listing under GIF.U. Read more.
