GigCapital8, a blank check company led by semiconductor veteran Avi Katz, raised $220 million by offering 22 million units at $10. Each unit consists of one share of common stock and one right to receive one-fifth 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 (GIG; +5% from $10 offer price), which has a pending merger agreement with micro reactor developer Hadron, and GigCapital5, which completed its combination with medical imaging provider QT Imaging (OTC: QTIH; -77%) in March 2024.
GigCapital8 plans to list on the Nasdaq under the symbol GIWWU. D. Boral Capital acted as sole bookrunner on the deal.
