Market Overview

GigCapital, Inc. Announces Closing of Over-Allotment Option in Connection With Its Initial Public Offering of Common Stock


(NYSE:GIG) a Delaware corporation that is an emerging-growth
blank check company 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, also known as a Special Purpose Acquisition Company, or
SPAC, today announced that the underwriters, pursuant to the terms of
the underwriting agreement, exercised in full their previously announced
option to purchase 1,875,000 newly issued units to cover
over-allotments, and on January 9, 2018, purchased these additional
units, generating additional gross proceeds of $18,750,000.

The total aggregate issuance by the Company of 14,375,000 units at a
price of $10.00 per unit resulted in total gross proceeds of

Each unit consists of one share of common stock, one right and
three-fourths (3⁄4) of one warrant to purchase one share of common stock
for an exercise price of $11.50 per whole share of common stock. Only
whole warrants are exercisable. Each right entitles the holder thereof
to receive one-tenth (1⁄10) of one share of common stock upon the
consummation of the Company's initial business combination.

The units are listed on the New York Stock Exchange (the "NYSE") and
trade under the ticker symbol "GIG.U." Once the securities comprising
the units begin separate trading, the rights and warrants are expected
to be listed on the NYSE under the symbols "GIG RT" and "GIG WS"

Cowen and Chardan acted as bookrunners for the offering.

Registration statements relating to these units and the underlying
securities have been declared effective by the U.S. Securities and
Exchange Commission (the "SEC") on December 7, 2017 and December 8, 2017.

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
or may be obtained from Cowen and Company, LLC c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn:
Prospectus Department. Phone (631) 274-2806 / Fax (631) 254-7140. This
news 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 offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.

About GigCapital, Inc.

(NYSE:GIG), a Delaware corporation, is a blank check,
emerging-growth company (known also as a Special Purpose Acquisition
Company, or SPAC), based in Palo Alto, California. The Company was
formed in October 2017 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, as soon as the appropriate opportunity is identified.

Note Concerning Forward Looking Statements

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
including statements regarding our or our management team's
expectations, hopes, beliefs, intentions, plans, prospects or strategies
regarding the future, including possible business combinations. Any
statements contained herein that are not statements of historical fact
may be deemed to be forward-looking statements. In addition, any
statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. The words
"anticipate," "believe," "continue," "could," "estimate," "expect,"
"intends," "may," "might," "plan," "possible," "potential," "predict,"
"project," "should," "would" and similar expressions may identify
forward-looking statements, but the absence of these words does not mean
that a statement is not forward-looking. The forward-looking statements
contained in this presentation are based on our current expectations and
beliefs concerning future developments and their potential effects on
us. There can be no assurance that future developments affecting us will
be those that we have anticipated. These forward-looking statements
involve a number of risks, uncertainties (some of which are beyond our
control) or other assumptions that may cause actual results or
performance to be materially different from those expressed or implied
by these forward-looking statements. Should one or more of these risks
or uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in these forward-looking statements. Additional factors that
could cause actual results to differ are discussed under the heading
"Risk Factors" and in other sections of GigCapital's filings with the
SEC, and in GigCapital's current and periodic reports filed or furnished
from time to time with the SEC. All forward-looking statements in this
press release are made as of the date hereof, based on information
available to GigCapital as of the date hereof, and GigCapital assumes no
obligation to update any forward-looking statement.

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