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  3. |DEAL NOTE: Crowell & Moring Advises GigCapital3, Inc. on $200 Million IPO

DEAL NOTE: Crowell & Moring Advises GigCapital3, Inc. on $200 Million IPO

Firm News | 1 min read | 05.15.20

New York – May 15, 2020: Crowell & Moring advised GigCapital3, Inc. in 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 three-quarters of a warrant to purchase one share of common stock at a price of $11.50 per share. The units were listed on the New York Stock Exchange and trade under the ticker symbol “GIK.U” beginning May 14, 2020. GigCapital3 also granted the underwriters a 45-day over-allotment option for the sale of up to an additional $30,000,000 of GigCapital3’s units. Once the securities comprising the units begin separate trading, the shares, rights and warrants are expected to be traded on the NYSE under the symbols “GIK” and “GIK WS” respectively.

Crowell & Moring served as lead legal counsel to GigCapital3 in this transaction, as well as in the company’s formation. The team included partners Jeffrey C. Selman, Renée Delphin-Rodriguez, and Charles C. Hwang, counsel William Bruno, senior law clerk Sari Schreiber, and corporate transaction specialist Matt Postiglione.

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Firm News | 2 min read | 08.07.26

Crowell & Moring Secures Supreme Court Victory for the Alliance for Responsible Atmospheric Policy and the Air-Conditioning, Heating, and Refrigeration Institute

Washington: Crowell & Moring secured a U.S. Supreme Court victory on behalf of the Alliance for Responsible Atmospheric Policy (ARAP) and the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) when the Court denied RMS of Georgia’s petition for writ of certiorari in RMS of Georgia v. Environmental Protection Agency. This ruling preserves a favorable decision by the U.S. Court of Appeals for the District of Columbia Circuit regarding implementation of the American Innovation and Manufacturing Act (AIM Act). The AIM Act provides for the phasedown of the use of hydrofluorocarbons (HFC) based on their high global warming potential. HFCs are used in many important sectors of the economy including air-conditioning and refrigeration, insulating foams, industrial solvents, aerosol sprays, and laboratory equipment. ARAP and AHRI, as associations representing businesses that produce and use HFCs and their replacements, have a vital interest in the orderly implementation of the AIM Act....

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