GigInternational1 in a proxy filing called an Aug. 19 meeting for shareholders to vote on its request for a merger deadline extension from Aug. 21 until Feb. 21, 2023. The SPAC in return would add 5 cents a share to the trust account for each month required under the extension period.
The SPAC was rumored to be in merger talks with tech company Nanosys a year ago, although a deal did not materialize.
GigInternational1 raised $200 million in a May 2021 IPO. This is the seventh SPAC launched by Dr. Avi Katz. Read more.
