GigCapital declares contribution of USD240,000 to it trust account for month.
M2 EQUITYBITES-September 2, 2019-GigCapital declares contribution of USD240,000 to it trust account for month
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GigCapital Inc (NYSE:GIG) (NYSE:GIG.U) (NYSE:GIG.RT) (NYSE:GIG.WS) disclosed on Friday that GigAcquisitions LLC, along with the other founders of GigCapital, will make a deposit of USD240,000 total before 12 September 2019 into its trust account.
Also, the company said that this amount is the founders' next loans in conjunction with the extension of GigCapital Inc duration.
A Private-to-Public Equity (PPE) company, GigCapital is also known as a Blank-Check or Special Purpose Acquisition Company (SPAC), sponsored by GigAcquisitions LLC and sole-managed by GigFounders LLC.
All of these companies were founded in 2017 and are led by an affiliated team of technology industry experts using a Mentor-Investors methodology to partner with private and non-US public technology companies. The group companies offer financial, operational and executive mentoring to US and global private and non-US public companies, from inception as a private entity into the growth-stage as a publicly traded company in the US.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 2, 2019|
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