GigCapital9 Corp. has completed its SPAC initial public offering, selling 25,300,000 units at $10.00 each for $253,000,000 in gross proceeds. Each unit includes one Class A share and a right to receive one-fifth of a Class A share after a business combination.
Concurrently, insiders and related investors purchased 107,500 private placement units for $1,046,771, and non-managing investors bought 3,178,430 Class B shares and 281,454 private placement units for $2,814,541. A total of $253,000,000 was placed into a U.S. trust account, while remaining cash funds working capital.
The audited balance sheet as of January 28, 2026 shows total assets of $255,495,770, including $253,000,000 classified as Class A ordinary shares subject to redemption, and shareholders’ equity of $2,157,000. GigCapital9 has 24 months from the IPO closing to complete a business combination or return trust funds to public shareholders.
GigCapital9 Corp. filed an initial ownership report showing that Adrian Zuckerman is a director of the company. As of the event date of 01/28/2026, he reports no beneficial ownership of any GigCapital9 Corp. securities and lists no derivative positions.
GigCapital9 Corp. director Bryan Timm has filed an initial ownership report showing a mix of Class A and Class B ordinary shares plus rights. He directly holds 10,000 Class A ordinary shares tied to private placement units purchased at the initial public offering.
He also directly holds 122,247 Class B ordinary shares, which 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 2,000 rights, each exchangeable for one-fifth of one Class A ordinary share upon completion of the initial business combination.
GigCapital9 Corp. director Luis Machuca filed an initial ownership report showing his equity stake in the company. He holds 10,000 Class A ordinary shares, which are tied to private placement units purchased at the time of the initial public offering. These units also included rights to receive additional Class A shares upon completion of GigCapital9’s initial business combination.
Machuca also directly owns 122,247 Class B ordinary shares, which will automatically convert into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination or earlier at his option, with no expiration date. In addition, he holds 2,000 rights that are exchangeable for one-fifth of one Class A ordinary share each, also upon completion of the initial business combination. The filing reflects existing holdings rather than new open-market transactions.
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.
Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah filed a Schedule 13G reporting beneficial ownership of 2,178,000 GigCapital9 Corp. Class A ordinary shares, equal to 8.6% of the class. The stake is held as Units, each consisting of one Class A share and a right to receive one-fifth of a share upon an initial business combination.
The Units are owned directly by Tenor Opportunity Master Fund, Ltd., with Tenor Capital as investment manager and Robin Shah as managing member of Tenor Capital’s general partner. All reporting persons disclaim beneficial ownership beyond their pecuniary interest and certify the holdings are not for influencing control of GigCapital9. The percentage is based on 25,300,000 Units issued and outstanding as stated in GigCapital9’s January 30, 2026 Form 8-K.