GigCapital, Inc. Announces Contribution to Trust Account and Provides Kaleyra Financial Information

▤ Summary

PALO ALTO, Calif.--( BUSINESS WIRE )--GigCapital, Inc. (NYSE: GIG, GIG.U, GIG.RT, and GIG.WS) (“GigCapital”), a Technology, Media and Telecom (TMT) Private-to-Public Equity (PPE)™ corporation, previously announced that it will hold a special meeting of stockholders (the “Special Meeting”) on June 5, 2019, at 10:00 a.m., local time, at the office of GigCapital, located at 2479 E. Bayshore Rd., Suite 200, Palo Alto, California 94303, to vote on a proposal to amend (the “Charter Amendment”) the Company’s amended and restated certificate of incorporation to extend the date (the “Extension”) by which the Company has to consummate its business combination with Kaleyra S.p.A. (“Kaleyra”) for an additional six months, from June 12, 2019 to December 12, 2019 (the “Extended Date”). As a result, the amount in the Trust Account following a Contribution for redemption of shares of GigCapital’s common stock issued in its initial public offering (each, a “Public Share”) that are not redeemed in connection with the stockholder vote to approve the Extension, will be increased. GigCapital’s powerful leadership team of successful corporate executives with extensive technology public-market operational and entrepreneurial expertise, along with a deep bench of industry experts at their disposal, are already helping shape our future as we prepare to become a publicly traded company. Adjusted EBITDA is defined as of any date of calculation, the consolidated pro forma earnings of Kaleyra and its subsidiaries, before finance income and finance cost (including bank charges), tax, depreciation and amortization calculated from the audited consolidated financial statements of such party and its subsidiaries (prepared in accordance with local GAAP), plus (i) transaction expenses of Kaleyra and GigCapital, (ii) without duplication of clause (i), severance or change of control payments, (iii) any expenses related to company restructuring, (iv) any compensation expenses relating to stock options, restricted stock units, restricted stock or similar equity interests as may be issued by the post-combination company or any of its subsidiaries to their employees and (v) any provision for the write down of assets. This press release contains forward-looking statements within the meaning of U.S. federal securities laws regarding the proposed transactions with Kaleyra, the Charter Amendment, Extension, Contributions and GigCapital.

▦ Linked Companies

Kaleyra

$100M to $250M