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DEAL NOTE: Crowell & Moring Advises GigCapital, Inc. on $125 Million IPO

New York – December 8, 2017: GigCapital, Inc., a corporation that is an emerging-growth blank check company newly formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 12.5 million units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange and trade under the ticker symbol “GIG.U” beginning December 8, 2017. GigCapital is sponsored by GigAcquisitions, LLC, which is itself solely managed by GigFounders, LLC, which was founded and is managed by GigCapital’s founder, executive Chairman of the Board of Directors and the Chief Executive Officer Dr. Avi Katz, and Cowen Investments LLC with certain of its affiliates.

Although GigCapital’s efforts as a special purpose acquisition company (SPAC) are not limited to a particular industry or geographic region, GigCapital intends to focus on opportunities in the middle market technology media and telecommunications sectors.

Crowell & Moring served as lead legal counsel to GigCapital in this transaction, as well as in the company’s formation. The team included partners Jeffrey C. Selman and Charles Hwang and associates Jennifer Rodriguez, Jonathan Nesher and Kevin Silk.

“Creation and funding of GigCapital as a SPAC has been in the works since July 2017, but we were able to actually form the sponsorship partnership and the entity and raise the capital in approximately two months. The Crowell & Moring team enabled this swift and seamless inception by providing top-notch legal counsel, enabling us to get to market in a timely manner. Our vision for GigCapital to combine with a recognized company in the technology, media and telecommunications sector, and to create a meaningful platform in the industry, is one step closer with the closing of our IPO,” said Dr. Katz.

The GigCapital press release is available here.


Christine Elfmann
Manager, Marketing Communications
+1 202.508.8848