GigCapital9 Corp. (NASDAQ: GIXXU) has completed its initial public offering, raising $253 million through the sale of 25.3 million units at $10.00 per unit. The offering included the full exercise of the underwriters' over-allotment option, demonstrating strong investor interest in the special purpose acquisition company's strategy.
The company, which began trading on the Nasdaq Global Market on January 27, 2026, now has 24 months to identify and complete a business combination. Led by Chief Executive Officer and Chairman Dr. Avi Katz, GigCapital9 will focus on aerospace and defense services alongside the technology, media and telecommunications sector. Specific areas of interest include cybersecurity, secure communications, quantum-based command and control, and artificial intelligence and machine learning.
This capital raise represents the ninth Private-to-Public Equity vehicle for GigCapital Global, employing what the company describes as a Mentor-Investor methodology to partner with technology companies seeking public market access. The approach aims to combine financial investment with strategic guidance to help portfolio companies navigate the transition to public markets.
For business and technology leaders, this development signals continued investor appetite for SPAC vehicles targeting high-growth technology sectors. The specific focus on aerospace, defense, and advanced technologies reflects broader market trends toward national security technologies and artificial intelligence applications. The successful funding round suggests confidence in GigCapital9's ability to identify and execute strategic acquisitions in these competitive sectors.
The offering was managed by D. Boral Capital LLC as sole lead book-running manager. Each unit consists of one Class A ordinary share and one right to receive one-fifth of one Class A ordinary share upon completion of an initial business combination. This structure provides investors with additional potential upside if the company successfully identifies and merges with a target business.
As SPACs continue to evolve as an alternative path to public markets, GigCapital9's specific sector focus and substantial war chest position it to potentially accelerate innovation in critical technology areas. The company's emphasis on partnering with "innovative companies with exceptional leaders" suggests a strategy focused on management quality alongside technological differentiation. The full details of the offering are available through the company's official press release.
