PALO ALTO, Calif.--(BUSINESS WIRE)--GigCapital3, Inc. (NYSE: GIK.U)  today announced that it has completed its initial public offering of 20,000,000 units at a price of $10.00 per unit. Each unit consists of one share of common stock and three-quarters (3/4) of one redeemable warrant of the Company. Each whole warrant entitles the holder to purchase one share of common stock of the Company at a price of $11.50 per share.

The units are listed on the New York Stock Exchange (the “NYSE”) under the ticker symbol “GIK.U”. Once the securities comprising the units begin separate trading, the shares and warrants are expected to be traded on the NYSE under the symbols “GIK” and “GIK.WS” respectively.

Nomura Securities International, Inc. and Oppenheimer & Co. Inc. acted as the joint lead book-running managers for the offering, and Odeon Capital Group LLC acted as co-manager for the offering. The underwriters have a 45-day option to purchase up to an additional 3,000,000 units solely to cover over-allotments, if any.

About GigCapital3

GigCapital3 is a Private-to-Public Equity (PPE)™ company, also known as a blank check company or special purpose acquisition company (SPAC), focusing on the technology, media and telecommunications (TMT) industry. It is sponsored by GigAcquisitions3, LLC, which was founded by GigFounders, LLC, each a member entity of GigCapital Global, and 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.