GigCapital2, a blank check company formed by semiconductor veteran Avi Katz to acquire a TMT business, filed on Thursday with the SEC to raise up to $130 million in an initial public offering.
The Palo Alto, CA-based company plans to raise $130 million by offering 13 million units at a price of $10. At $10, GigCapital2 would command a market value of $168 million. Each unit consists of one share of common stock and one warrant to purchase a share of common stock at $11.50 per share.
GigCapital2 was founded in 2019 and plans to list on the NYSE under the symbol GIX.U. EarlyBirdCapital and Northland Securities are the joint bookrunners on the deal.
