GigCapital5 in a preliminary proxy set a Sept. 23 meeting for shareholders to vote on a deadline extension proposal that would give the SPAC until March 28, 2023 to complete a business combination. In return, the SPAC would deposit up to $160,000 into its trust for each month of the extension period, or 4.5 cents a share.
Dr. Avi Katz’s SPAC raised $200 million in a September 2021 IPO with plans to target companies in the technology, media, and telecommunications, aerospace and defense, advanced medical equipment, intelligent automation and sustainable industries anywhere in the world. Read more.
