Delaware Court of Chancery on The Circle in Georgetown, Delaware. Credit: Antony-22 via Wikimedia Commons GigCapital De-SPAC Transaction Is Challenged by Ex-Shareholders in Court of Chancery
All three SPACs in the matter are connected to California-based GigCapital, a private equity firm that acquires tech, media and telecom companies via SPACs.
July 07, 2023 at 03:28 PM
2 minute read
Commercial Litigation
Grant & Eisenhofer has filed another complaint in the Court of Chancery on behalf of former shareholders of a GigCapital SPAC, alleging for the third time in the court that SPAC insiders closed a deal that benefitted themselves at shareholders' expense.
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