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
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.
The third and latest complaint, filed Thursday, involves GigCapital4, which went public in February 2021 and merged with artificial intelligence analytics company BigBear to form BigBear.ai Holdings.
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Delaware Court of Chancery on The Circle in Georgetown, Delaware. Credit: Antony-22 via Wikimedia Commons
