GigCapital7 Corp. Modifies Public Unit Trading Announcement

GigCapital7 Corp. Updates Separate Trading Date for Shares and Warrants
GigCapital7 Corp. (NASDAQ: GIGGU), a Cayman Islands exempted company, has updated the timing for when its Class A ordinary shares and warrants can trade separately from its public units. The shift follows a communication error with Nasdaq Stock Market LLC that affected the original schedule for separate trading.
What Changed—and When
The company initially expected holders of its public units to begin separate trading of the shares and warrants on September 10, 2024. That date has moved by one day. The new date for separate trading is September 11, 2024. Each public unit consists of one Class A ordinary share and one redeemable warrant, giving investors the option to hold a unit or split it into its components.
Ticker Symbols and How to Separate Units
The public units will continue to trade under the symbol “GIGGU.” Once separate trading begins, the Class A ordinary shares are expected to trade under “GIG,” and the warrants under “GIGGW.” If you hold public units and want to separate them into shares and warrants, ask your broker to contact Continental Stock Transfer & Trust Company, the company’s transfer agent, to process the separation.
About the Company
GigCapital7 Corp. is a blank check company formed to pursue business combinations, including mergers and acquisitions. It is evaluating potential targets across a wide range of industries and geographies, keeping its mandate broad so it can identify and engage with suitable opportunities for growth.
Underwriters of the Offering
The public units were offered through an underwritten transaction led by Craft Capital Management LLC and EF Hutton LLC, which served as joint book-running managers. Their role included coordinating the offering process and supporting GigCapital7’s market entry for the units.
Regulatory Filings and Access to Information
In line with SEC requirements, GigCapital7 has filed a final prospectus that details the terms of the offering. Interested investors may request copies from the syndicate department of EF Hutton LLC or review the registration statement via the SEC’s website.
Legal Note
This announcement clarifies the timing and tickers for separate trading. It is not an offer to sell, nor a solicitation of an offer to buy, any securities. Investors should also confirm compliance with applicable state securities laws before making any transactions.
Frequently Asked Questions
Why did the separate trading date change?
A communication error with Nasdaq affected the schedule, shifting the separate trading date by one day.
What exactly is changing on the trading side?
Only the timing. Separate trading of the Class A ordinary shares and warrants now begins on September 11, 2024, instead of September 10, 2024.
What symbols will I see for the units, shares, and warrants?
Public units continue as “GIGGU.” The Class A ordinary shares are expected to trade under “GIG,” and the warrants under “GIGGW.”
How do I split my units into shares and warrants?
Ask your broker to contact Continental Stock Transfer & Trust Company, the company’s transfer agent, to facilitate the separation.
Is this notice an offer to sell securities?
No. It provides an update on trading logistics and timing. It is not an offer to sell or a solicitation to buy any securities.
About The Author
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