Avi Katz’s SPAC GigCapital9 files for a $220 million IPO
January 26, 2026 News
Avi Katz’s latest SPAC GigCapital9 prices $220 million IPO
GigCapital9, a blank check company led by SPAC veteran Avi Katz targeting aerospace and TMT businesses, raised $220 million by offering 22 million units at $10. Each unit consists of one share of common stock and one right to receive one-fifth of one share upon the completion of an initial business combination.
IPO Overview
GigCapital9, a blank check company led by semiconductor veteran Avi Katz, filed on Monday with the SEC to raise up to $220 million in an initial public offering.
The company plans to raise $220 million by offering 22 million units at $10. Each unit consists of one share of common stock and one right to receive one-fifth of one share upon the completion of an initial business combination.
The company is led by CEO and Chairman Avi Katz, who previously co-founded and led semiconductor company GigPeak until its sale to Integrated Device Technology （IDT）。 The SPAC plans to focus on businesses in the aerospace and defense services, cybersecurity and secured communications and quantum-based command and control systems, and artificial intelligence and machine-learning industries.
Katz has previously been involved in various SPACs, which include GigCapital8 （GIWWU; +3% from $10 offer price） which raised $220 million this past October, GigCapital7 （GIG; +5%） which raised $200 million in September 2024 and is pending a merger with micro reactor developer Hadron, GigCapital5, which completed its business combination with medical imaging firm QT Imaging Holdings （QTIH; -96%） in October 2021, GigCapital4, which merged with AI specialist BigBear.ai （BBAI; -40%） in December 2021, and GigCapital3, which merged with urban truck and bus EV developer Lighting eMotors （ZEVY; -100%） in May 2021.
The Palo Alto, CA-based company was founded in 2025 and plans to list on the Nasdaq under the symbol GIXXU. D. Boral Capital is the sole bookrunner on the deal.
About the Company
We are a newly organized blank check company or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination While we may pursue an acquisition opportunity in any business, industry, sector or geographical location, we intend to focus on industries that complement our management team’s background, and to capitalize on the ability of our management team to identify and acquire a business, focusing on the aerospace and defense (“A&D”) services, cybersecurity and secured communications and quantum-based command and control systems, and artificial intelligence (“AI”) and machine-learning (“ML”) industries. Our management team believes there is a backlog of companies that are interested in becoming public companies. We believe that because this backlog is substantial, there may be a number of attractive companies that will not be able to list via a traditional initial public offering (an “IPO”) in the near-term and therefore may opt to pursue a listing via a SPAC instead. Moreover, we believe current market conditions are causing middle-market financial sponsors and venture capital firms to consider alternative methods for providing liquidity to their limited partners.