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GigInternational1, Inc. has announced a $200,000 deposit into its Trust Account, extending the business combination deadline to October 21, 2022. This follows a similar deposit made on August 19, 2022, ensuring the company can proceed with its merger plans.
The company is focused on technology, media, telecommunications, aerospace, and defense sectors, primarily in Europe and Israel. The extension could allow it to finalize a merger with Convalt Energy, Inc. by February 21, 2023.
GigInternational1, a blank check company, announced stockholder approval for an extension to finalize a business combination until February 21, 2023. This allows for six one-month extensions from the initial closing date of its public offering. A $200,000 payment has been made for the first month. The board believes the extension is essential for completing a transaction, as no business combination has yet been announced. GigInternational1 focuses on potential targets in technology, media, aerospace, mobility, and semiconductor sectors, primarily in Europe and Israel.
GigInternational1, Inc. (Nasdaq: GIWWU) announced that holders of its public units can commence trading the common stock and warrants separately starting July 9, 2021. Each unit comprises one share of common stock and one-half of a warrant, both expected to trade under new symbols GIW and GIWWW respectively. The public units were initially offered with an over-allotment option exercised for 900,000 units. This announcement follows the SEC's declaration of the relevant registration statements effective on May 18, 2021.
GigInternational1 announced the closing of its IPO, raising $200 million through the sale of 20,000,000 units at $10.00 each. Each unit comprises one share of common stock and one-half of a redeemable warrant, with whole warrants priced at $11.50 per share. The units began trading on NASDAQ under the symbol GIWWU on May 19, 2021. The company targets acquisitions in technology, media, telecommunications, aerospace, defense, mobility, and semiconductors, focusing on opportunities predominantly in Europe and Israel.
GigInternational1, Inc. (Nasdaq: GIWWU) has priced its initial public offering of 20,000,000 units at $10.00 per unit, consisting of a share of common stock and a half warrant. Each whole warrant allows for the purchase of one share at $11.50. Trading is set to commence on May 19, 2021. The company targets late-stage growth firms in technology, media, and telecommunications, primarily in Europe and Israel. Oppenheimer & Co. and William Blair serve as joint book-running managers, with a 45-day option to purchase an additional 3,000,000 units.
