GigCapital, a blank check company formed by semiconductor veteran Avi Katz to acquire a TMT business, raised $125 million by offering 12.5 million shares at $10. It originally planned to raise $150 million.
Each unit consists of one share of common stock, one right to received one-tenth of one share and three-fourths of one warrant (increased from one-half) to purchase one share at $11.50 per whole share.
GigCapital plans to list on the NYSE under the symbol GIG.U. Cowen & Company acted as a lead manager on the deal.
