other material
confidence high
sentiment neutral
materiality 0.50
GigCapital7 Corp. closes $200M IPO, establishes trust for business combination
GigCapital7 Corp.
- IPO of 20M units at $10/unit raised $200M; each unit includes 1 Class A share + 1 warrant.
- $200M placed in trust account; held until business combination, redemption, or liquidation.
- Simultaneous private placement: 2.83M Class B shares at $1.15 ($3.25M) and 3.72M warrants at $0.0156 ($58K).
- Underwriters have 45-day option to purchase up to 3M additional units for over-allotments.
- Audited balance sheet shows $2.6M cash outside trust, $3.4M warrant liability, deficit of $1.45M.