GigCapital9 Corp. (GIXXU) director files initial ownership report
Rhea-AI Filing Summary
GigCapital9 Corp. director Raanan I. Horowitz has filed an initial Form 3 showing his equity holdings in the company. He directly holds 7,500 Class A ordinary shares, which come from private placement units purchased at the time of the initial public offering.
He also beneficially owns 91,685 Class B ordinary shares that will automatically convert into Class A ordinary shares on a one-for-one basis at the time of GigCapital9’s initial business combination, or earlier at his option, with no expiration date. In addition, he holds 1,500 rights, each exchangeable for one-fifth of one Class A ordinary share upon completion of the initial business combination.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Horowitz Raanan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
| holding | Rights | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 91,685 shares (Direct);
Rights — 1,500 shares (Direct);
Class A ordinary shares — 7,500 shares (Direct)
Footnotes (4)
- F1. Includes 7,500 Class A ordinary shares underlying the private placement units purchased concurrently with the consummation of the initial public offering. Each private placement unit consisting of one Class A ordinary share and one right to receive one-fifth of one Class A ordinary share upon the completion of the Issuer's initial business combination.
- F2. As a result of the underwriters' full exercise of the over-allotment option to purchase 3,300,000 units on January 27, 2026, no such shares are subject to forfeiture.
- F3. As described in the Issuer's registration statement on Form S-1, as amended (File No. 333-291869) under the heading "Description of Securities-Ordinary Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination or earlier at the option of the holder on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
- F4. Includes 7,500 rights underlying the private placement units, which were sold in a private placement taking place simultaneously with the Issuer's initial public offering. Each right is exchangeable for one-fifth of one Class A ordinary share upon the completion of the Issuer's initial business combination.
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FAQ
What did GigCapital9 Corp. (GIXXU) director Raanan Horowitz report on this Form 3?
Director Raanan I. Horowitz reported his initial beneficial ownership in GigCapital9 Corp., including Class A ordinary shares, Class B ordinary shares that convert into Class A, and rights linked to private placement units purchased in connection with the company’s initial public offering.
What is the connection between GigCapital9 (GIXXU) private placement units and Raanan Horowitz’s holdings?
His 7,500 Class A ordinary shares and 7,500 rights are described as underlying private placement units purchased concurrently with GigCapital9’s IPO. Each unit consists of one Class A ordinary share and one right to receive one-fifth of one additional Class A share after the business combination.