GigCapital3, Inc. (GIK) Prices 20M Unit IPO at $10/Unit

GigCapital3, Inc. (NYSE: GIK) today announced the pricing of 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 have been listed on the New York Stock Exchange (the “NYSE”) and are expected to trade under the ticker symbol “GIK.U” beginning today. 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. (“Nomura”) and Oppenheimer & Co. Inc. (“Oppenheimer”) are the joint lead book-running managers for the offering, and Odeon Capital Group LLC (“Odeon”) is acting as a co-lead manager for the offering. The managers have a 45-day option to purchase up to an additional 3,000,000 units solely to cover over-allotments, if any.

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