GigCapital5, the fifth 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 whole 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. GigCapital5 plans to target the TMT, aerospace and defense, intelligent automation, and sustainable industries.
GigCapital5 plans to list on the NYSE under the symbol GIA.U. Wells Fargo Securities and William Blair acted as joint bookrunners on the deal.
