GigCapital7, a blank check company led by semiconductor veteran Avi Katz, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.
GigCapital7 plans to list on the Nasdaq under the symbol GIGGU. Craft Capital Management and EF Hutton acted as joint bookrunners on the deal.
The company is led by CEO and Chairman Avi Katz, who previously co-founded and led semiconductor company GigPeak until its sale to Integrated Device Technology (IDT). GigCapital7 plans to target the TMT, AI/ML, cybersecurity, MedTech, semiconductor, and sustainable industries.
Katz has been involved in several other SPACs, some of which include GigCapital6 (GIF.U), which withdrew its offering in 2022; GigInternational1 (GIWWU), which liquidated in 2022; GigCapital5, which completed its combination with medical imaging provider QT Imaging (QTI) in March 2024; and GigCapital4, which completed its combination with tech company BigBear.ai (BBAI) in 2021.
