GigCapital8 closes $253 million IPO on NASDAQ

GigCapital8 Corp. (NASDAQ: GIWWU) completed its initial public offering of 25.3 million units at $10.00 per unit, raising gross proceeds of $253 million. The offering included 3.3 million additional units from the full exercise of underwriters' over-allotment option.

Each unit consists of one Class A ordinary share and one right to receive one-fifth of one Class A ordinary share. The rights entitle holders to receive one Class A ordinary share upon completion of the company's initial business combination.

The units began trading on NASDAQ's Capital Market tier under ticker symbol "GIWWU" on October 6, 2025. Class A ordinary shares and rights are expected to trade separately under symbols "GIW" and "GIWWR" respectively.

The special purpose acquisition company has 24 months to identify a business combination target. GigCapital8 plans to focus on opportunities in aerospace and defense services, cybersecurity and secured communications, quantum-based command and control systems, and artificial intelligence and machine learning industries.

Dr. Avi Katz serves as Chief Executive Officer and Chairman of the Cayman Islands-based company. D. Boral Capital LLC acted as sole lead book-running manager for the offering.

The company placed $253 million from the offering proceeds in a trust account, representing $10.00 per unit sold in the public offering. This marks the eighth special purpose acquisition company from GigCapital Global.

The information is based on a company press release statement.

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