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GigCapital7 Corp. (Ticker: GIGGU) is a blank check company that plans to target businesses in the technology, media, and telecommunications (TMT) sectors, as well as those involved in artificial intelligence and machine learning (AI/ML), cybersecurity, medical technology, semiconductors, and sustainable industries. The company, incorporated in the Cayman Islands, is led by Avi Katz, a serial SPAC entrepreneur.
GigCapital7 will list on August 29, 2024, on NASDAQ. The firm is offering 25.0 million units at a price of $10.00 per unit. The expected market capitalization at the offering is $416.7 million, with a total offer size of $250.0 million. The offering is managed by Craft Capital Management and EF Hutton.