GigCapital8 prices $220 million IPO at $10 per unit
GigCapital8 Corp. (NASDAQ: GIWWU) priced its initial public offering of 22 million units at $10.00 per unit, raising $220 million. The Cayman Islands-based blank check company expects its units to begin trading on the Nasdaq Global Market under the ticker symbol "GIWWU" on October 6, 2025.
Each unit consists of one Class A ordinary share and one right to receive one-fifth of one Class A ordinary share. The Class A ordinary shares and rights are expected to trade separately on Nasdaq under the symbols "GIW" and "GIWWR" respectively once separate trading begins.
D. Boral Capital LLC serves as the sole book-running manager for the offering. Underwriters have a 45-day option to purchase up to 3.3 million additional units to cover over-allotments. The offering is expected to close on October 7, 2025, subject to customary closing conditions.
The Securities and Exchange Commission declared the registration statement for these securities effective on September 30, 2025. GigCapital8 is a special purpose acquisition company formed to pursue mergers, acquisitions or other business combinations with one or more businesses, with no limitations on industry or geographic region.
The company stated in its press release that the offering information is subject to completion and customary closing conditions.
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