September 3, 2024

DLA Piper advises GigCapital7 in US$200 million Initial Public Offering

DLA Piper advised GigCapital7, a blank check Cayman Islands exempted company, in the closing of its US$200 million initial public offering of 20 million units at US$10 per unit. The units will be listed on the NASDAQ and trade under the ticker symbol “GIGGU.”

Craft Capital Management LLC is acting as joint book-running manager with EF Hutton LLC in the offering.

“GigCapital Global is proud to be a long-term partner with Jeff Selman and the DLA Piper team. Their deep knowledge and consummate professionalism were critical in closing this IPO, and we look forward to working with them for many years to come,” said Dr. Avi Katz, Founding Managing Partner of GigCapital.

“It has been a pleasure to continually support GigCapital and have the opportunity to offer the full suite of our team’s capabilities and industry insights to help close this momentous IPO,” said Jeffrey Selman, chair of DLA Piper’s SPAC Transactional practice who led the firm’s deal team.

The DLA Piper team was led by partner Jeffrey Selman (San Francisco) and included partner Elena Nrtina (San Francisco) and associates Annie Letizia (Palo Alto) and Sara Hashem (San Francisco).

DLA Piper’s global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investments grade and high-yield debt securities.