GigInternational1, the seventh blank check company formed 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-half of a warrant, exercisable at $11.50.
The company was formed by Executive Chairman Avi Katz, who previously co-founded and led semiconductor company GigPeak until its sale to Integrated Device Technology (IDT), and CEO and Director Raluca Dinu, the former VP and General Manager of IDT's Optical Interconnects Division. GigInternational1 plans to target the TMT, A&D, mobility, and semiconductor industries, with a focus on businesses in EMEA.
GigInternational1 plans to list on the Nasdaq under the symbol GIWWU. Oppenheimer & Co., and William Blair acted as lead managers on the deal.
