GIW

GigInternational1 Announces Expiration of Exclusivity of Term Sheet for a Business Combination with Convalt Energy, Inc. and Liquidation and Redemption of Public Shares

Retrieved on: 
Monday, November 21, 2022
Finance, Business, Energy, Professional Services, Other Energy, Commission, Special-purpose acquisition company, Partnership, IPO, TMT, Telecommunication, Roman Catholic Diocese of La Crosse, Private, Acquisition, Security (finance), PPE, GIW, Form 8-K, Financial services

For more information, please refer to the current report on Form 8-K filed by GigInternational1, Inc. with the Securities and Exchange Commission on November 21, 2022.

Key Points: 
  • For more information, please refer to the current report on Form 8-K filed by GigInternational1, Inc. with the Securities and Exchange Commission on November 21, 2022.
  • The group deploys a unique Mentor-Investor methodology to partner with exceptional TMT companies, managed by dedicated and experienced entrepreneurs.
  • The partnership of GigCapital with these companies continues through an organic and roll-up strategy growth post the transition to a public company.
  • These forward-looking statements, include, but are not limited to, statements regarding the dissolution of GigInternational1 and liquidation of its assets, and the redemption of shares of common stock.

GigInternational1, Inc. Confirms Receipt of Sponsor Funds to Extend Period of Time to Consummate Business Combination

Retrieved on: 
Thursday, October 20, 2022
Professional Services, Finance, Time, Compte rendu, Sale, Risk, SEC, Telecommunication, LLC, Person, Annual report, Securities Act of 1933, Nasdaq, Technology, Private Securities Litigation Reform Act, Acquisition, SPAC, Bank account, Proxy, Prospectus, Interest on Lawyer Trust Accounts, Failure, GIW, COVID-19, Name, Security (finance)

This press release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Key Points: 
  • This press release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
  • In addition, any statements that refer to characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
  • These forward-looking statements include, without limitation, future extensions, expectations with respect to closing of the proposed business combination, the repayment of the promissory note upon such closing of the proposed business combination, and the timing of the completion of the proposed business combination.
  • This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination or the extension of time for GigInternational1 to consummate its initial business combination.

GigInternational1, Inc. Confirms Receipt of Sponsor Funds to Extend Period of Time to Consummate Business Combination and for Additional Working Capital

Retrieved on: 
Monday, September 19, 2022
Telecommunications, Defense, Other Defense, Professional Services, Technology, Aerospace, Manufacturing, Business, Time, Risk, Sale, LLC, Securities Act of 1933, Nasdaq, Name, Acquisition, Private Securities Litigation Reform Act, GIW, Telecommunication, Person, Technology, Interest on Lawyer Trust Accounts, Annual report, Compte rendu, SPAC, Failure, Proxy, SEC, Prospectus, Bank account, Security (finance)

This press release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Key Points: 
  • This press release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
  • Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements.
  • In addition, any statements that refer to characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
  • These forward-looking statements include, without limitation, future extensions, expectations with respect to closing of the proposed business combination, the repayment of the promissory note upon such closing of the proposed business combination, and the timing of the completion of the proposed business combination.

GigInternational1 and Convalt Energy Sign an Exclusive Term Sheet for a Business Combination

Retrieved on: 
Tuesday, August 30, 2022
Professional Services, Engineering, Business, Utilities, Manufacturing, Alternative Energy, Energy, Partnership, SunPower, COVID-19, SPAC, Investor, Technology, Prospectus, CEO, Securities Act of 1933, Telecommunication, Inflation, Engineering, Time, Sale, GIW, Person, TMT, Proxy, IPO, SEC, Special-purpose acquisition company, Roman Catholic Diocese of La Crosse, Partner, Nasdaq, Federation, Failure, LLC, Military personnel, Risk, Name, Annual report, Private, PPE, Private Securities Litigation Reform Act, Growth, Compte rendu, Acquisition, Contract, New, Renewable energy, Security (finance)

GigInternational1, Inc. (Nasdaq: GIW), a publicly traded special purpose acquisition company, and Convalt Energy, Inc. (Convalt) announced today that they have entered into a non-binding term sheet, with the goal of completing a business combination resulting in Convalt becoming a publicly traded renewable, manufacturing and power generating company.

Key Points: 
  • GigInternational1, Inc. (Nasdaq: GIW), a publicly traded special purpose acquisition company, and Convalt Energy, Inc. (Convalt) announced today that they have entered into a non-binding term sheet, with the goal of completing a business combination resulting in Convalt becoming a publicly traded renewable, manufacturing and power generating company.
  • Convalt expects to employ about 400 people including former military personnel especially from the nearby Fort Drum Army Reserve.
  • Convalt is dedicated to bringing the manufacturing of the critical components of the solar supply chain back to American soil prior to December 2024.
  • This combination and partnership with GigInternational1 will allow us to further deliver on our mission, accelerate our growth, and provide significant shareholder value as a public company.

GigInternational1, Inc. Announces Stockholder Approval of Extension Amendment to the Amended and Restated Certificate of Incorporation and Investment Management Trust Agreement

Retrieved on: 
Friday, August 19, 2022
Professional Services, Semiconductor, Business, Technology, Telecommunications, Finance, Hardware, Definitive, Telephone, Technology, SPAC, Prospectus, Securities Exchange Act of 1934, Securities Act of 1933, Telecommunication, Time, Motion for more definite statement, Suite, Sale, GIW, Person, Proxy, SEC, Shareholder, Nasdaq, Company, LLC, Acquisition, Extension, Security (finance), Auction

Accordingly, GigInternational1s Trust Account has been funded with a $200,000 payment for the first one-month extension period.

Key Points: 
  • Accordingly, GigInternational1s Trust Account has been funded with a $200,000 payment for the first one-month extension period.
  • Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements.
  • In addition, any statements that refer to characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.
  • In connection with the Extension, GigInternational1 filed a definitive proxy statement (the Definitive Statement) containing a notice of special meeting and definitive proxy statement of GigInternational1.