GigInternational1 said its sponsor deposited $200,000 into the trust account for a deadline extension until Nov. 21. The SPAC can secure further monthly extensions for a deposit of $200,000 each until Feb. 21, 2023.
GigInternational1 and Convalt Energy at the end of August announced that they entered into a non-binding term sheet, with the goal of completing a business combination.
Convalt manufactures solar panels, operates power generating facilities and provides engineering & construction services for renewal energy projects.
GigInternational1 is the seventh SPAC launched by Dr. Katz. The blank-check firm raised $200 million in a May 2021 IPO. Read more.
