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GigCapital9 Announces Letter of Intent for Proposed Business Combination with a Leading Clean Energy Technology Company

Business Wire•26/10/2026•08:00 ET
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Key Highlights

  • ➤Target clean energy company valued at approximately $600 million pre-money
  • ➤Earnout could add up to $100 million to proposed transaction value
  • ➤GigCapital9 targets late Q2 2027 completion for the deSPAC transaction
  • ➤Proposed deal includes minimum $50 million PIPE financing at closing
  • ➤Non-binding LOI remains subject to due diligence, approvals, financing, and definitive agreements

Expert Statements

Avi S. Katz, Executive Chairman and Chief Executive Officer of GigCapital9

“This proposed business combination is another excellent example of how GigCapital Global continues to build on and extend the legacy of our Private-to-Public Equity (PPE) Mentor Investor model.”

Avi S. Katz, Executive Chairman and Chief Executive Officer of GigCapital9

“Our mission has always been to identify exceptional deep technology companies, work alongside their outstanding leadership teams, and help create the public company platforms needed to scale their technologies and maximize their impact.”

Avi S. Katz, Executive Chairman and Chief Executive Officer of GigCapital9

“Advanced clean energy technologies have the potential to make a meaningful difference in the world.”

Avi S. Katz, Executive Chairman and Chief Executive Officer of GigCapital9

“By helping the power industry, among others, reduce their environmental footprint, these solutions can contribute to economic development, broader societal equity, improved quality of life, and the preservation of our planet’s ecological balance.”

Avi S. Katz, Executive Chairman and Chief Executive Officer of GigCapital9

“We believe that technological innovation and responsible commercialization can go hand in hand.”

Avi S. Katz, Executive Chairman and Chief Executive Officer of GigCapital9

“At GigCapital Global, we see our role as extending well beyond bringing companies to the public markets.”

Avi S. Katz, Executive Chairman and Chief Executive Officer of GigCapital9

“We are Private-to-Public Equity (PPE) Mentor Investors, committed to helping ambitious technology businesses navigate the journey from innovation to industrial deployment and global impact.”

Avi S. Katz, Executive Chairman and Chief Executive Officer of GigCapital9

“GigCapital9’s proposed engagement with this leading clean energy technology company represents another important step in that continuing mission: advancing deep technology that can create lasting value for investors, benefit the inhabitants of our planet, and help preserve the Earth, our shared Gaia, for generations to come.”

GigCapital9 Announces Letter of Intent for Proposed Business Combination with a Leading Clean Energy Technology Company

Proposed Transaction Seeks to Advance the Company’s Technologies in AI-Driven Clean Firm Power Applications, Setting a Valuation of $600 Million Plus a $100 Million Earnout

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