GigCapital8, a blank check company led by semiconductor veteran Avi Katz, filed on Monday with the SEC to raise up to $220 million in an initial public offering.
The Palo Alto, CA-based company plans to raise $220 million by offering 22 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination.
The company is led by CEO and Chairman Avi Katz, who previously co-founded and led semiconductor company GigPeak until its sale to Integrated Device Technology (IDT). GigCapital8 plans to target the aerospace and defense services, cybersecurity and secured communications and quantum-based command and control systems, and artificial intelligence and machine-learning industries.
Katz has been involved in several other SPACs, some of which include GigCapital7 (GIGGU), which went public in August 2024, and GigCapital5, which completed its combination with medical imaging provider QT Imaging (QTI; -96% from $10 offer price) in March 2024.
The company was founded in 2024 and plans to list on the Nasdaq under the symbol GIWWU. D. Boral Capital is the sole bookrunner on the deal.
