GigCapital5, Inc. Announces Stockholder Approval of Extension Amendments to the Amended and Restated Certificate of Incorporation and Investment Management Trust Agreement
23 Septiembre 2022 - 3:10PM
Business Wire
GigCapital5, Inc. (“GigCapital5” or the “Company”) (NYSE: GIA.U;
GIA; GIA.WS), a blank check company, also commonly referred to as a
special purpose acquisition company, or SPAC, formed for the
purpose of entering into a merger, capital stock exchange, asset
acquisition, stock purchase reorganization or similar business
combination with one or more businesses or entities, today
announced that its stockholders approved a change of the extension
terms of the combination period by the end of which it has to
consummate a business combination, allowing the Company to extend
such date six (6) times for an additional one (1) month each time,
from September 28, 2022 to March 28, 2023 (the date which is 18
months from the closing date of GigCapital5’s initial public
offering) (the extension, the “Extension”) by depositing $160,000
into the Trust Account for each one month extension. As the Company
has not yet announced a business combination, the Company’s board
of directors currently believes that without the Extension, there
will not be sufficient time to complete such a transaction.
About GigCapital5
GigCapital5 is a blank check company, also commonly referred to
as a special purpose acquisition company, or SPAC, formed for the
purpose of entering into a merger, capital stock exchange, asset
acquisition, stock purchase reorganization or similar business
combination with one or more businesses or entities. While
GigCapital5’s efforts to identify a target business may span many
industries, the focus of GigCapital5’s search is for prospects
within the technology, media and telecommunications, aerospace and
defense, advanced medical equipment, intelligent automation and
sustainable industries. GigCapital5 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.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Any statements contained herein that are not statements of
historical fact may be deemed to be forward-looking statements. In
addition, any statements that refer to characterizations of future
events or circumstances, including any underlying assumptions, are
forward-looking statements. There can be no assurance that future
developments affecting GigCapital5 will be those that we have
anticipated. These forward-looking statements involve a number of
risks, uncertainties or other assumptions that may cause actual
results or performance to be materially different from those
expressed or implied by these forward-looking statements, including
that the GigCapital5 stockholders will approve the transaction,
that such stockholders will not exercise their redemption rights
related to the GigCapital5 trust account and the ability of the
post-combination company to meet the NYSE listing standards. Should
one or more of these risks or uncertainties materialize, or should
any of our assumptions prove incorrect, actual results may vary in
material respects from those projected in these forward-looking
statements. Additional factors that could cause actual results to
differ are discussed under the heading “Risk Factors” and in other
sections of GigCapital5’s filings with the SEC, and in
GigCapital5’s current and periodic reports filed or furnished from
time to time with the SEC. All forward-looking statements in this
press release are based on information available to GigCapital5 as
of the date hereof, and GigCapital5 assumes no obligation to update
any forward-looking statement, whether as a result of new
information, future events or otherwise, except as may be required
under applicable securities laws.
Additional Information and Where to Find It
In connection with the Extension, GigCapital5 filed a definitive
proxy statement (the “Definitive Statement”) containing a notice of
special meeting and definitive proxy statement of GigCapital5.
GigCapital5’s stockholders and other interested persons are advised
to read the Definitive Statement, including any amendments thereto
and other documents filed in connection with GigCapital5’s
solicitation of proxies for its special meeting of stockholders to
be held to approve, among other things, the Extension.
Stockholders may obtain a copy of the preliminary or definitive
proxy statement, as well as other documents filed with the SEC by
GigCapital5, without charge, at the SEC’s website located at
www.sec.gov or by directing a request to Brad Weightman, Chief
Financial Officer, GigCapital5, Inc., 1731 Embarcadero Rd., Suite
200, Palo Alto, CA 94303, or by telephone at (650) 276-7040, or by
contacting Morrow Sodali LLC, GigCapital5’s proxy solicitor,
toll-free at (800) 662-5200.
Participants in the Solicitation
GigCapital5 and its respective directors and executive officers
and other persons may be deemed to be participants in the
solicitations of proxies from GigCapital5 stockholders in respect
of the Extension. Information regarding GigCapital5’s directors and
executive officers is available in its final prospectus filed with
the SEC under Rule 424(b)(4) on September 27, 2021. Additional
information regarding the participants in the proxy solicitation
and a description of their direct and indirect interests is
contained in the proxy statement related to the proposed business
combination, which was filed on a Form DEF 14A on September 12,
2022, and which can be obtained free of charge from the sources
indicated above.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the business combination. This press release shall
also not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which the offer, solicitation, or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such jurisdiction.
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version on businesswire.com: https://www.businesswire.com/news/home/20220923005493/en/
GigCapital5, Inc.: Dr. Raluca Dinu Chief Executive
Officer and President GigCapital5, Inc. +1-650-276-7040
Raluca@gigcapitalglobal.com
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