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Stock impact report

GigCapital7 Corp. Announces Closing of $200,000,000 Initial Public Offering

GigCapital7 Corp. - Unit (GIGGU) 
Company Research Source: Business Wire
PALO ALTO, Calif.--(BUSINESS WIRE)--GigCapital7 Corp. (NASDAQ: GIGGU) (the “Company”), a Cayman Islands exempted company, announced today that it has closed its initial public offering of 20,000,000 units at $10.00 per unit. Each unit consists of one (1) Class A ordinary share and one (1) redeemable warrant. The gross proceeds to the Company from the offering, before deducting underwriting discounts and commissions and other offering expenses, were $200,000,000, and net proceeds from the offering and concurrent private offerings by the Company were approximately $201,950,000, of which $200,000,000 has been deposited into a trust account maintained by Continental Stock Transfer & Trust Company acting as trustee.The units are listed on The Nasdaq Global Market (“NASDAQ”) and began trading under the ticker symbol “GIGGU” on August 29, 2024. Once the securities comprising the units begin separate trading, the common stock and warrants are expected to be listed on NASDAQ under the symb Show less Read more
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