11/25 Merger done. Only 11% of rights were tendered.
No minimum cash contribution to close.
Announced will conduct cash tender for rights no price.
9/27 Greenhaven can sell common from rights 10.50 or higher in market post closing. ugh.
9/20 Rights buyback news Greenhaven will hold, and not offer, sell, contract to sell, pledge, transfer, assign, or otherwise dispose of, directly or indirectly, or hedge the Rights, and any Shares that the Rights convert into, until the later of the sixtieth day after the closing of the Business Combination or January 1, 2020 (the “Closing Date”). The purchase price of the Shares will be as follows:
(a) $1.05 per Right or Additional Right for the first 5,500,000 Rights or Additional Rights (which reflects $10.50 per Share for the first 500,000 Shares);
(b) $1.07 per Right or Additional Right for the next 2,500,000 Rights or Additional Rights (which reflects $10.70 per Share for the next 250,000 Shares);
and (c) $1.10 per Right or Additional Right for the next 2,000,000 Rights or Additional Rights (which reflects $11.00 per Share for the next 200,000 Shares). The parties intend to negotiate and execute a definitive purchase agreement to reflect the above terms. Greenhaven will have the right to terminate the agreement, without penalty, on the day prior to the Closing Date by giving written notice to GigCapital, in which case it will not be restricted after such time with respect to its ability to dispose of the Shares.
Would leave about 4.4 mil rights.
GigCapital, special meeting of stockholders on June 5, 2019 at 10:00 a.m., to extend for an additional six months, from June 12, 2019 to December 12, 2019
The Company estimates trust will be approximately $10.30 at the time of the special meeting.
contribute to the Company as a loan $240,000 for each calendar month, or portion thereof, that is needed by GigCapital to complete the Business Combination with Kaleyra (each, a “Contribution”). The Contributions are conditional upon the implementation of the Extension.
2/26/19 Kaleyra deal announced.
Extended to June 12, 2019.
Conference Call 3/6/19 Link
Unit = 1c, 1R, 3/4 Wt.
1 Wt. + $11.50. Call 18. Can call cashless.
IPO Trust = $10.00 14.375mm shares. $143,750,000.
2/19 US$145,769,478 ~ 10.15?
Expiration 15 months. Extend 3 months adding $0.10. Closed 12/12/17. First deadline 3/12/19 ?.
Cowen - Chardan
United States-based trust account at JP Morgan Chase Bank, N.A. in New York, New York with Continental Stock Transfer & Trust Company acting as trustee.
Focus: technology, media, telecommunications (“TMT”) industries.
Corporate InformationOur executive offices are located at 3000 El Camino Real, Building 4, Suite 232, Palo Alto, CA 94306, and our telephone number is (650) 352-7580
Our sponsor, GigAcquisitions, LLC, a Delaware limited liability company (“Sponsor”), Cowen Investments LLC, a Delaware limited liability company (“Cowen Investments”) and affiliates of Cowen Investments, Irwin Silverberg (“Silverberg”) and Jeffrey Bernstein (“Bernstein”
We may amend the terms of the warrants in a manner that may be adverse to holders with the approval by the holders of at least 65% of the then outstanding public warrants.
A public stockholder that fails to vote either in favor of or against a proposed business combination will not be able to have his shares redeemed for cash.
Our Sponsor, GigAcquisitions, LLC, has been founded by and is managed by and affiliated with Dr. Avi S. Katz, who is also our President, Chief Executive Officer, Secretary and the Executive Chairman of our Board of Directors. Dr. Katz has spent nearly 30 years in international executive positions within the TMT industry working for privately held start-ups, middle-cap companies and large enterprises. In these roles, Dr. Katz has been instrumental in launching and accelerating entities, funding innovative endeavors, building teams, large scale fund-raising, developing key alliances and technology partnerships, M&A activities, business development, financial management, global operations and sales and marketing all over the globe. Dr. Katz has dedicated the last decade to developing and managing GigPeak, Inc. (“GigPeak”, NYSE: GIG), originally known as GigOptix, Inc. From inception in 2007 until its sale in 2017, GigPeak provided semiconductor integrated circuits (“ICs”) and software solutions for high-speed connectivity and video compression. The company completed ten M&A deals in as many years with Dr. Katz at the helm. It was sold to Integrated Device Technology, Inc. (“Integrated Device Technology”) for $250 million in cash in April 2017. From 2003-