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GigCapital5 (NYSE: GIA) announced a $160,000 deposit into its Trust Account, raising the total to $640,000, extending its deadline for business combination to January 28, 2023. The Company also amended its working capital promissory note to $260,000, which may convert to units at $10.00 each upon business combination completion. The SPAC is focusing on technology and sustainable industries and previously entered a Business Combination Agreement with QT Imaging on December 8, 2022.
GigCapital5, Inc. (NYSE: GIA) has announced a $160,000 funding to its Trust Account, increasing the total amount to $480,000. This extension allows the company until December 28, 2022, to finalize its initial business combination, which can be further extended. Additionally, a working capital promissory note has been amended to include another loan of $65,000, raising its total to $195,000. These financial maneuvers highlight GigCapital5's ongoing efforts to secure a merger, particularly in technology and telecommunications sectors.
GigCapital5, a special purpose acquisition company (SPAC), announced stockholder approval for an extension to its business combination period. The extension allows the company to extend the deadline six times by one month each, from September 28, 2022, to March 28, 2023, with a deposit of $160,000 into the Trust Account for each month. The board believes this extension is necessary for completing a business transaction, as no target has been announced yet.
GigCapital5, Inc. (NYSE: GIA.U) announced on November 4, 2021, that holders of its public units can now separately trade the underlying common stock and warrants. Each unit comprises one share of common stock and one redeemable warrant, with a warrant exercise price of $11.50 per share. Public units will continue to trade under the symbol 'GIA.U,' while the common stock and warrants will trade under 'GIA' and 'GIA.WS,' respectively. This follows the underwritten offering managed by Wells Fargo Securities and William Blair & Company, with registration effective since September 23, 2021.
GigCapital5, Inc. (NYSE: GIA.U) successfully completed its initial public offering on September 28, 2021, raising a total of $230 million by issuing 23 million units at $10 each. This figure includes 3 million units from the overallotment option. Each unit comprises one share of common stock and one warrant, which allows the purchase of a share at $11.50. GigCapital5 is the sixth PPE entity from GigCapital Global since 2017, targeting sectors such as technology, media, telecommunications, aerospace, and sustainable industries.
GigCapital5, Inc. (NYSE: GIA.U) has priced its initial public offering at
