Articles from GigInternational1, Inc.

GigInternational1, Inc. (Nasdaq: GIW), a publicly traded special purpose acquisition company, announced today that the exclusivity provision of its previously announced non‑binding term sheet with Convalt Energy, Inc. has expired and that it is ceasing the business combination efforts.

GigInternational1, Inc. (“GigInternational1”) (Nasdaq: GIW; GIWWU; GIWWW), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, today announced that its Sponsor, GigInternational1 Sponsor, LLC, has deposited into the GigInternational1’s trust account (the “Trust Account”) an additional $200,000.00. In consideration for the deposit, GigInternational1 has issued to our Sponsor a second restated unsecured interest free promissory note for the principal amount of the aggregate of such deposit, together with similar deposits made on August 19, 2022 and September 19, 2022, which will be repaid in connection with the closing of GigInternational1’s previously announced business combination. As a result of the deposits into the Trust Account, the period of time that GigInternational1 has to consummate a business combination has been extended by a month to November 21, 2022 (and may be extended thereafter on a monthly basis until February 21, 2023 upon payment of a monthly fee equal to $200,000).

GigInternational1, Inc. (“GigInternational1”) (Nasdaq: GIW; GIWWU; GIWWW), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, today announced that its Sponsor, GigInternational1 Sponsor, LLC, has deposited into the GigInternational1’s trust account (the “Trust Account”) an additional $200,000.00. In consideration for the deposit, GigInternational1 has issued to our Sponsor an amended unsecured interest free promissory note for the principal amount of the aggregate of such deposit, together with a similar deposit made on August 19, 2022, which will be repaid in connection with the closing of GigInternational1’s previously announced business combination. As a result of the deposits into the Trust Account, the period of time that GigInternational1 has to consummate a business combination has been extended by a month to October 21, 2022 (and may be extended thereafter on a monthly basis for up to an aggregate of six months to February 21, 2023 upon payment of a monthly fee equal to $200,000).

GigInternational1, Inc. (Nasdaq: GIW), a publicly traded special purpose acquisition company, and Convalt Energy, Inc. (“Convalt”) announced today that they have entered into a non-binding term sheet, with the goal of completing a business combination resulting in Convalt becoming a publicly traded renewable, manufacturing and power generating company.

GigInternational1, Inc. (“GigInternational1” or the “Company”) (Nasdaq: GIW; GIWWU; GIWWW), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its stockholders approved an extension of the date by which it has to consummate a business combination, allowing the Company to extend such date six (6) times for an additional one (1) month each time, from August 21, 2022 to February 21, 2023 (the date which is 21 months from the closing date of GigInternational1’s initial public offering) (the extension, the “Extension”). Accordingly, GigInternational1’s Trust Account has been funded with a $200,000 payment for the first one-month extension period. As the Company has not yet announced a business combination, the Company’s board of directors currently believes that without the Extension, there will not be sufficient time to complete such a transaction.

GigInternational1, Inc. (Nasdaq: GIWWU) (the “Company” or “GigInternational1”) today announced that holders of the Company’s public units may elect to separately trade the common stock and warrants underlying such public units commencing on July 9, 2021. Each unit consists of one share of common stock and one-half (1/2) of one redeemable warrant of the Company. Each whole warrant entitles the holder to purchase one share of common stock of the Company at a price of $11.50 per share. For each public unit, one share of common stock and one-half (1/2) of one warrant will be issued. Because, pursuant to the warrant agreement, the warrants may only be exercised for a whole number of shares, only a whole warrant may be exercised at any given time. Accordingly, unless a holder of public units owns and separates in increments of two units, such holder will receive and be able to trade only whole warrants (to the extent that the holder owns and separates in increments of more than one unit), and will forfeit any fractional warrants upon separation of the units.

GigInternational1, Inc. (NASDAQ: GIWWU) (the “Company” or “GigInternational1”), the fifth SPAC issued by the GigCapital Global team since 2017, today announced the closing of its initial public offering of 20,000,000 units at a price of $10.00 per unit for gross proceeds of $200 million. Each unit consists of one share of common stock and one-half (1/2) of one redeemable warrant of the Company. Each whole warrant entitles the holder to purchase one share of common stock of the Company at a price of $11.50 per share.

GigInternational1, Inc. (Nasdaq: GIWWU) (the “Company” or “GigInternational1”) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. Each unit consists of one share of common stock and one-half (1/2) of one redeemable warrant of the Company. Each whole warrant entitles the holder to purchase one share of common stock of the Company at a price of $11.50 per share. The units will be listed on The Nasdaq Capital Market (“Nasdaq”) and are expected to trade under the ticker symbol “GIWWU” beginning on May 19, 2021. Once the securities comprising the units begin separate trading, the shares and warrants are expected to be traded on Nasdaq under the symbols “GIW” and “GIWWW,” respectively. The offering is expected to close on May 21, 2021, subject to customary closing conditions.