GigInternational1 Inc. (GIW) Prices 20M Unit IPO at $10/Unit

GigInternational1, Inc. (NASDAQ: GIW) 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 one-half (1/2) 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 will be listed on The Nasdaq Capital Market (“Nasdaq”) and are expected to trade under the ticker symbol “GIWWU” beginning on May 19, 2021. Once the securities comprising the units begin separate trading, the shares and warrants are expected to be traded on Nasdaq under the symbols “GIW” and “GIWWW,” respectively. The offering is expected to close on May 21, 2021, subject to customary closing conditions.

GigInternational1 is GigCapital Global’s fifth Private-to-Public Equity (PPE)™ company since inception in late 2017. The Company will seek late-stage growth, high quality companies in the technology, media, and telecommunications, aerospace and defense, mobility, and semiconductor industries. From a geographic perspective, the Company plans to focus predominantly on targets in Europe and Israel.

Oppenheimer & Co. Inc. and William Blair & Company, L.L.C. are the joint book running managers 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.

Registration statements relating to the securities became effective on May 18, 2021.

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