GigInternational1 Shareholders Okay 6-Month Extension

GigInternational1

GigInternational1 in a press release said its shareholders voted in favor of granting a deadline extenion in monthly installemnts up until Feb. 21.

The SPAC’s sponsor in return deposited $200,000 (5 cents a share) into the trust account for the first month of 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.

Total
0
Shares
Related Posts
Read More

ABG Acquisition I Shutting Down 

ABG I raised $131 million in an IPO two years ago to target the global healthcare industry, with a particular focus on the medical technology and biotechnology verticals.