GigCapital2, Inc. Announces Closing of Over-Allotment Option in Connection With Its Initial Public Offering

PALO ALTO, Calif.--(BUSINESS WIRE)--GigCapital2, Inc. (NYSE: GIX.U) (www.GigCapital2.com) (the “Company”) today announced that the underwriters, pursuant to the terms of the underwriting agreement, exercised in full their previously announced option to purchase 2,250,000 newly issued units to cover over-allotments, and on June 13, 2019, purchased these additional units, generating additional gross proceeds of $22,500,000. Following the exercise of the over-allotment option, the total aggregate issuance by the Company of 17,250,000 units at a price of $10.00 per unit resulted in total gross proceeds of $172,500,000.