GigCapital2, a blank check company formed by semiconductor veteran Avi Katz to acquire a TMT business, raised $150 million by offering 15 million units at $10. The company had originally planned to raise $130 million by offering 13 million units.
Each unit consists of one share of common stock and one warrant to purchase a share of common stock at $11.50 per share.
GigCapital2 plans to list on the NYSE under the symbol GIX.U. EarlyBirdCapital and Northland Securities acted as lead managers on the deal.
