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.
