GigCapital8 has completed its initial public offering of 25,300,000 units at $10.00 per unit, generating total gross proceeds of $253 million. The offering included 3,300,000 units sold through the full exercise of the underwriters' over-allotment option. Each unit consists of one Class A ordinary share and one right to receive one-fifth of a Class A ordinary share upon completion of an initial business combination.
The units began trading on the Nasdaq Capital Market on October 6, 2025, under the symbol GIWWU. Led by CEO and Chairman Dr. Avi Katz, the company operates as a Private-to-Public Equity vehicle, commonly known as a special purpose acquisition company. GigCapital8 plans to pursue a business combination within 24 months, targeting opportunities in several high-technology sectors including aerospace and defense, cybersecurity, secured communications, quantum command and control systems, and artificial intelligence.
D. Boral Capital LLC served as sole lead book-running manager for the offering. Legal counsel was provided by DLA Piper LLP for the company and Ellenoff Grossman & Schole LLP for the underwriter. The company employs a Mentor-Investor methodology aimed at partnering with high-technology differentiating companies to facilitate their path to public markets through business combinations.
GigCapital8 represents the eighth Private-to-Public Equity vehicle of GigCapital Global. The company's approach focuses on identifying innovative companies with exceptional leadership to create industry-leading partnerships designed for long-term success. Additional information about the company and its methodology can be found at https://www.gigcapitalglobal.com/.
The successful completion of this substantial public offering provides GigCapital8 with significant capital to execute its strategic vision of identifying and merging with promising technology companies. The focus on advanced technology sectors reflects growing investor interest in companies operating in defense technology, cybersecurity, and artificial intelligence markets. The 24-month timeframe for completing a business combination aligns with typical SPAC structures while providing sufficient opportunity to identify and negotiate with potential merger targets.
