GigCapital5, Inc. Announces Closing of $ 230,000,000 Initial Public Offering | New


PALO ALTO, Calif .– (BUSINESS WIRE) – Sep 28, 2021–

GigCapital5, Inc. (NYSE: GIA.U) (the “Company” or “GigCapital5”) today announced the closing of its initial public offering of 23,000,000 units at a price of 10.00 $ per unit, including an additional 3,000,000 units sold pursuant to the full exercise of the underwriter’s over-allotment option, for gross proceeds of $ 230 million. Each unit consists of one common share and one redeemable warrant of the Company. Each whole warrant entitles its holder to purchase one common share of the Company at a price of $ 11.50 per share.

The Units began trading on the New York Stock Exchange (NYSE) under the symbol “GIA.U” on September 24, 2021. Once the securities comprising the Units begin to trade separately, the shares and warrants are expected to trade on NYSE under the symbols “GIA” and “GIA.WS”, respectively.

Led by Dr Avi Katz, Executive Chairman, and Dr Raluca Dinu, CEO, President, Secretary and Director, GigCapital5 is the sixth Private-to-Public Equity (PPE) ™ company founded since the inception of GigCapital Global end 2017, three of which closed deals – Kaleyra (NYSE: KLR), UpHealth (NYSE: UPH) and Lightning eMotors (NYSE: ZEV).

GigCapital5 will seek out companies in technology, media and telecommunications, aerospace and defense, advanced medical equipment, intelligent automation and sustainable industries around the world that embrace digital transformation and today’s intelligent automation as a competitive advantage.

Wells Fargo Securities, LLC and William Blair & Company, LLC acted as co-book managers for the offering.

A final prospectus relating to and describing the final terms of the offering has been filed with the SEC. The offer has been made only by means of a prospectus, copies of which can be obtained by contacting Wells Fargo Securities, Attention: Equity Syndicate Department, 500 West 33rd Street, New York, New York, 10001, at (800) 326 -5897 or send an email request to [email protected], or William Blair & Company, LLC, Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois 60606, by phone at (800) 621-0687 or by e-mail to prospectus @ williamblair. com. Copies of the registration statements can also be viewed on the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be. unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Note regarding forward-looking statements

This press release contains statements that constitute “forward-looking statements”, including with respect to the initial public offering and the intended use of the net proceeds. No guarantee can be given that the offer discussed above will be carried out under the conditions described, or not at all, or that the net proceeds of the offer will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s filed offering. with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.

“Private-to-Public Equity (PPE)” and “Mentor-Investor” are trademarks of GigFounders, LLC, a member entity of GigCapital Global and the founder of GigAcquisitions5, LLC, used in accordance with the agreement.

About GigCapital5

GigCapital5 is a Private-to-Public Equity (PPE) ™ company, also known as a Blank Check Company or Special Purpose Acquisition Company (SPAC), focusing on technology, media and telecommunications, aerospace and defense, advanced medical equipment, intelligent automation and sustainable industries. It was sponsored by GigAcquisitions5, LLC, which was founded by GigFounders, LLC, each a member entity of GigCapital Global, and formed for the purpose of completing a merger, a share exchange, an asset acquisition, a share purchase, recapitalization, reorganization or similar business. association with one or more companies.

The Company intends to focus on opportunities to capitalize on the ability of its management team, in particular its senior executives, to identify, acquire and operate a business with the goal of achieving an enterprise value of over $ 600 million. dollars.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210928006093/en/

Brian Ruby, ICR, brian.ruby @ icrinc.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL SERVICES

SOURCE: GigCapital5, Inc.

Copyright Business Wire 2021.

PUB: 09/28/2021 4:10 PM / DISC: 09/28/2021 4:11 PM

http://www.businesswire.com/news/home/20210928006093/en


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