GigCapital7 Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing September 11, 2024
September 10 2024 - 4:05PM
Business Wire
GigCapital7 Corp. (NASDAQ: GIGGU) (the “Company”), a Cayman
Islands exempted company, announced today that due to an error by
the Nasdaq Stock Market LLC (“Nasdaq”) following its receipt of
communication of the separation of units, the holders of the
Company’s public units may elect to separately trade the Class A
ordinary shares and warrants underlying such public units
commencing on September 11, 2024, rather than on September 10,
2024, as previously announced. Each unit consists of one Class A
ordinary share and one redeemable warrant of the Company. Each
whole warrant entitles the holder to purchase one Class A ordinary
share of the Company at a price of $11.50 per share. For each
public unit, one Class A ordinary share and one warrant will be
issued.
Those public units not separated will continue to trade under
the symbol “GIGGU.” The Class A ordinary shares and warrants are
expected to trade under the ticker symbols “GIG” and “GIGGW,”
respectively. Holders of public units will need to have their
brokers contact Continental Stock Transfer & Trust Company, the
Company’s transfer agent, in order to separate the public units
into Class A ordinary shares and warrants.
The public units were initially offered by the Company in an
underwritten offering, and Craft Capital Management LLC acted as a
joint book-running manager with EF Hutton LLC in the offering.
A final prospectus relating to and describing the final terms of
the offering has been filed with the SEC. The offering was made
only by means of a prospectus. Copies of the prospectus may be
obtained from EF Hutton LLC, Attn: Syndicate Department, 590
Madison Ave., 39th Floor, New York, New York 10022, by telephone at
(212) 404-7002, by fax at (646) 861-4697, or by email at
syndicate@efhutton.com. Copies of the registration statement can be
accessed through the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About GigCapital7 Corp.
GigCapital7 Corp. is a blank check company formed for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with
one or more businesses. The Company's efforts to identify a
prospective target business will not be limited to a particular
industry or geographic region.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
separation of the public units into Class A ordinary shares and
warrants. Forward-looking statements are statements that are not
historical facts. Such forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and final prospectus for the
Company’s offering filed with the SEC, which could cause actual
results to differ from the forward-looking statements. Copies are
available on the SEC’s website, www.sec.gov. The Company expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company's expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based, except as required
by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240910702531/en/
Christine M. Marshall Chief Financial Officer
christine@gigcapitalglobal.com (650) 276-7040
GigCapital7 (NASDAQ:GIGGU)
Historical Stock Chart
From Aug 2024 to Sep 2024
GigCapital7 (NASDAQ:GIGGU)
Historical Stock Chart
From Sep 2023 to Sep 2024