GigCapital3, Inc. (GIK.U), announced the pricing of their $200 million IPO this evening and the units are expected to begin trading tomorrow, Thursday, March 14th, under the symbol NYSE: GIK.U.
GigCapital3 is the third SPAC from the GigCapital team, having previously closed their first combination with Kaleyra, Inc. (KLR). GigCapital3 will once again be led by Dr. Avi Katz, as Executive Chairman of the Board of Directors, Secretary, President and Chief Executive Officer, and will be focusing on companies in the technology, media and telecom (TMT) sectors.
Total SPAC deal count for 2020 year-to-date is now 23 with $6.936 billion in gross proceeds raised. The offering is anticipated to close on Monday, March 18, 2020.
Nomura Securities International, Inc., and Oppenheimer & Co. Inc., acted as joint book-running managers of the offering. Odeon Capital Group LLC, acted as co-manager. Crowell & Moring LLP and Sidley Austin LLP were Issuer’s Counsel and Underwriter’s Counsel, respectively. BPM LLP acted as auditor.
Hammerhead Energy Inc. (NASDAQ: HHRS), which combined with Decarbonization Plus IV, has announced the results of its substantial issuer bid that expired at 5:00 p.m. ET on June 2. Under the bid, HEI offered to purchase for cancellation up to 20 million of its warrants, representing approximately 70% of its total number of issued and outstanding warrants, to purchase...
Terms Tracker for the Week Ending June 2, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As is typical of slow holiday weeks, this past week for SPACs was no exception. To wit, there were zero new S-1s filed, zero amendments...
Trajectory Alpha Acquisition Corp. (NYSE:TCOA) announced this afternoon that it has entered into a purchase and contribution agreement with its sponsor and J. Streicher Holdings, LLC. As a result, the SPAC will undergo a change in management. As part of the agreement, J. Streicher will pay $250,000 to Trajectory Alpha and $1.00 to the sponsor. In return,...
Latest SPAC Liquidations: Sound Point I, Bullpen Parlay, and Zimmer Energy Transition Sound Point Acquisition Corp I (SPCM) to Liquidate on June 4 Sound Point Acquisition Corp I, Ltd (NASDAQ: SPCM) announced today that it intends to liquidate and dissolve, effective as of June 4, 2023, and will redeem all of the outstanding Class A...
Latest Non-Redemption Agreements: GSR II Meteora Acquisition Corp. GSR II Meteora Acquisition Corporation (GSRM) Adds Non-Redemption Agreement On May 31, 2023, GSR II Meteora Acquisition Corp., (NASDAQ:GSRM), entered into certain non-redemption agreements with certain third parties in connection with the special meeting of stockholders. Pursuant to such Non-Redemption Agreements, each Non-Redeeming Stockholder agreed that it will...