June 26, 2019

GigCapital2, Inc. Announces the Separate Trading of its Common Stock, Rights and Warrants Commencing July 1, 2019

PALO ALTO, Calif.–(BUSINESS WIRE)–GigCapital2, Inc. (NYSE: GIX.U) (www.GigCapital2.com) (the “Company”) today announced that holders of the Company’s public units may elect to separately trade the common stock, rights and warrants underlying such public units commencing on July 1, 2019. Each public unit consists of one share of common stock, one right to receive one-twentieth (1/20) of one share of common stock upon the Company’s completion of an initial business combination, and one warrant to purchase one share of common stock for an exercise price of $11.50 per share of common stock. For each public unit, one share of common stock, one warrant, and one whole right will be issued.

Those public units not separated will continue to trade under the symbol “GIX.U”. The common stock, rights and warrants are expected to trade under the symbols “GIX,” “GIX RT”, and “GIX WS”, respectively. Holders of the public units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the public units into shares of common stock, rights and warrants.

The public units were initially offered by the Company in an underwritten offering and EarlyBirdCapital, Inc. (“EarlyBird”) and Northland Securities, Inc. (“Northland”) acted as joint book running managers and Odeon Capital Group LLC acted as a co-manager for the offering.

Registration statements relating to the offering of the public units and the underlying securities have been filed by the Company and were declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 5, 2019.

The Company is a Private-to-Public Equity (PPE)™ company, also known as a blank check company or special purpose acquisition company (SPAC). It was sponsored by GigAcquisitions2, LLC, which was founded by GigFounders, LLC (www.gigfoundersglobal.com), each a member entity of the GigCapital Group, and formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. The Company intends to capitalize on the GigCapital Group’s experience and background in the technology, media and telecommunications (TMT) industries and to target TMT companies that are at the forefront of high technology and are enabling the future evolution of intelligent systems and solutions (such as data-intense mobility, autonomous platforms, smart sensor applications, human interaction, unified data management and artificial intelligence). The Company applies its unique “Mentor-Investor™” philosophy to partner with its targets where it offers financial, operational and executive mentoring in order to accelerate their growth and development from a privately held entity to a fast growing publicly traded company.

Dr. Avi Katz is the Executive Chairman, Secretary, President and Chief Executive Officer of the Company, and is also the sole manager of GigAcquisitions2, LLC.

A final prospectus relating to and describing the final terms of the offering has been filed with the SEC and is available on the SEC’s website located at http://www.sec.gov, or may be obtained by contacting EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY 10017, Attn: Syndicate Department, 212-661-0200; or by contacting Northland Securities, Inc., Attention: Heidi Fletcher, 150 South Fifth Street, Suite 3300, Minneapolis, MN 55402, email hfletcher@northlandcapitalmarkets.com or telephone (612) 851-4918. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.