GigCapital3, Inc. Announces Closing of $200,000,000 Initial Public Offering
18 Mayo 2020 - 3:10PM
Business Wire
GigCapital3, Inc. (NYSE: GIK.U) (the “Company” or “GigCapital3”)
today announced that it has completed its initial public offering
of 20,000,000 units at a price of $10.00 per unit. Each unit
consists of one share of common stock and three-quarters (3/4) of
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.
The units are listed on the New York Stock Exchange (the “NYSE”)
under the ticker symbol “GIK.U”. Once the securities comprising the
units begin separate trading, the shares and warrants are expected
to be traded on the NYSE under the symbols “GIK” and “GIK.WS”
respectively.
Nomura Securities International, Inc. and Oppenheimer & Co.
Inc. acted as the joint lead book-running managers for the
offering, and Odeon Capital Group LLC acted as co-manager for the
offering. The underwriters have a 45-day option to purchase up to
an additional 3,000,000 units solely to cover over-allotments, if
any.
A final prospectus relating to and describing the final terms of
the offering has been filed with the Securities and Exchange
Commission (the “SEC”). The offering was made only by means of a
prospectus, copies of which may be obtained by contacting Nomura
Securities International, Inc., Attention: Equity Syndicate
Department, Worldwide Plaza, 309 West 49th Street, New York, New
York 10019-7316, or by telephone at 212-667-9000, or by email at
equitysyndicateamericas@nomura.com; or Oppenheimer & Co. Inc.,
Attention: Syndicate Prospectus Department, 85 Broad Street, 26th
Floor, New York, New York 10004, by telephone at (212) 667-8055, or
by email at EquityProspectus@opco.com. Copies of the registration
statement can also be accessed through the SEC’s website at
www.sec.gov. This news 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.
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 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 GigAcquisitions3, LLC, used pursuant to
agreement.
About GigCapital3
GigCapital3 is a Private-to-Public Equity (PPE)™ company, also
known as a blank check company or special purpose acquisition
company (SPAC), focusing on the technology, media and
telecommunications (TMT) industry. It is sponsored by
GigAcquisitions3, 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
enterprise valuations larger than $500 million in the TMT industry.
In particular, it intends to target TMT and sustainable industry
companies anywhere in the world that embrace today’s digital
transformation and experience as a competitive advantage.
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version on businesswire.com: https://www.businesswire.com/news/home/20200518005590/en/
Darrow Associates, Inc. Jim Fanucchi, (408) 404-5400
ir@gigcapital3.com
GigCapital3 (NYSE:GIK.U)
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