Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 0.0K |
Gross Profit | 0.0K |
Operating Expense | 612.9K |
Operating I/L | -612.9K |
Other Income/Expense | 248.1K |
Interest Income | 17.5K |
Pretax | -364.8K |
Income Tax Expense | 5.1K |
Net Income/Loss | -369.9K |
GigCapital5, Inc. is a blank check company established in 2021. As a special purpose acquisition company (SPAC), it raises capital through an initial public offering (IPO) with the sole purpose of acquiring or merging with an existing company. Once the acquisition is completed, the target company becomes publicly listed without having to go through the traditional IPO process. GigCapital5, Inc. generates revenue by earning a percentage of the acquired company's value and through any subsequent trading of its shares on the stock market.