GigCapital5, Inc. Announces the Separate Trading of its Common Stock and Warrants Commencing November 4, 2021
01 Noviembre 2021 - 3:06PM
Business Wire
GigCapital5, Inc. (NYSE: GIA.U) (the “Company” or “GigCapital5”)
today announced that holders of the Company’s public units may
elect to separately trade the common stock and warrants underlying
such public units commencing on November 4, 2021. Each unit
consists of one share of common stock and one redeemable warrant of
the Company. Each whole warrant entitles the holder to purchase one
share of common stock of the Company at a price of $11.50 per
share. For each public unit, one share of common stock and one
warrant will be issued.
Those public units not separated will continue to trade under
the symbol “GIA.U.” The shares of common stock and warrants are
expected to trade under the ticker symbols “GIA” and “GIA.WS,”
respectively. Holders of the public units will need to have their
brokers contact Continental Stock Transfer & Trust Company, the
Company’s transfer agent, in order to separate the public units
into shares of common stock and warrants.
The public units were initially offered by the Company in an
underwritten offering, and Wells Fargo Securities, LLC and William
Blair & Company, L.L.C. acted as the joint book-running
managers for the offering.
Registration statements relating to the offering of the public
units and the underlying securities had been filed by the Company
and were declared effective by the U.S. Securities and Exchange
Commission (the “SEC”) on September 23, 2021.
A final prospectus relating to and describing the final terms of
the offering has been filed with the SEC. The offering was made
only by means of a prospectus, copies of which may be obtained by
contacting Wells Fargo Securities, LLC, Attention: Equity Syndicate
Department, 500 West 33rd Street, New York, New York, 10001, at
(800) 326-5897 or emailing a request to
cmclientsupport@wellsfargo.com, or William Blair & Company,
L.L.C., Attention: Prospectus Department, 150 North Riverside
Plaza, Chicago, Illinois 60606, by telephone at (800) 621-0687 or
by email at prospectus@williamblair.com. Copies of the registration
statements can also be accessed through the SEC’s website at
www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these 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 Concerning Forward Looking Statements
This news release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and the anticipated use of the net proceeds. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the net
proceeds of the offering 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 forth in the
Risk Factors section of the Company’s registration statement and
preliminary prospectus for the Company’s offering filed with the
SEC. Copies are available on the SEC’s website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, 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 pursuant to
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 companies in the 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 entering into a merger, share exchange,
asset acquisition, stock purchase, recapitalization, reorganization
or similar business combination with one or more businesses.
The Company intends to focus on opportunities to capitalize on
the ability of its management team, particularly its executive
officers, to identify, acquire and operate a business with a goal
of reaching an enterprise value of over $600 million.
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version on businesswire.com: https://www.businesswire.com/news/home/20211101005982/en/
Brian Ruby, ICR, brian.ruby@icrinc.com
GigCapital 5 (NYSE:GIA.U)
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