PALO ALTO, Calif.–(BUSINESS WIRE)–GigCapital3, Inc. (NYSE: GIK.U) (the “Company” or “GigCapital3”), today announced the Company will virtually ring The Opening Bell, which signals the opening of the day’s trading at the New York Stock Exchange, on Wednesday, June 3, 2020. The participation in the ceremonial ringing is to mark the initial public offering (IPO) of GigCapital Global’s third Private-to-Public Equity (PPE)™ company, also known as a blank check company or special purpose acquisition company (SPAC). The Opening Bell ceremony will be streamed live beginning shortly before 9:30 a.m. ET, and will be available for replay, at https://www.nyse.com/bell.
“This is a special time for the GigCapital team. We recently completed our third, highly successful and oversubscribed IPO, during the challenging market conditions brought on by the COVID-19 pandemic. With continued strong demand for our platform, GigCapital Global is firmly established as one of the preeminent Private-to-Public Entity (PPE) platforms in the market,” said Dr. Avi Katz, Executive Chairman, Secretary, President and Chief Executive Officer of GigCapital3, Inc. “In November 2019, we completed our first business combination with Kaleyra S.p.A., now Kaleyra, Inc. (NYSE American: KLR) (KLR WS). Our most recent IPO is a testament to the success we are achieving with our brand, which includes an industry first Mentor-Investor™ methodology. This foundation gives management teams from prospective combination partners access to GigCapital Global’s experienced entrepreneurs when looking at options to accelerate their path to a U.S. listed public company. Our plan is to further expand our reach in the Private-to-Public Equity (PPE) market, including the potential for additional IPOs, while delivering greater value for our shareholders and companies that engage with us in a business combination.”
GigCapital3, Inc., which was founded by GigAcquisitions3, LLC, which itself was launched by GigFounders, LLC (www.gigfoundersglobal.com), each a member entity of GigCapital Global, is a Private-to-Public Equity (PPE) company, also known as a blank check company or special purpose acquisition company (SPAC), 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. The Company applies its unique “Mentor-Investor” philosophy to partner with its targets where it offers financial, operational and executive mentoring in order to accelerate their growth and development from a privately held entity to a fast growing publicly traded company.
GigCapital3 will seek to capitalize on the significant experience and contacts of its management team to complete its initial business combination. The Company’s management team brings a unique and distinctive background and lengthy record of acquisition and operational success, which could have a significant impact on target businesses. GigCapital3 may pursue an initial business combination in any business, industry or geographic location, we currently intend to focus on opportunities to capitalize on the ability of its management team, particularly its executive officers, to identify, acquire and operate a business with enterprise valuations larger than $500 million in the technology, media and telecommunications (“TMT”) industry. In particular, the Company intends to target TMT and companies anywhere in the world that embrace today’s digital transformation and experience as a competitive advantage.
Darrow Associates, Inc.
Jim Fanucchi, (408) 404-5400