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GigCapital9 Announces Letter of Intent for Proposed Business Combination with a Leading Clean Energy Technology Company

Business Wire

Proposed Transaction Seeks to Advance the Company's Technologies in AI-Driven Clean Firm Power Applications, Setting a Valuation of $600 Million Plus a $100 Million Earnout

Another Milestone in GigCapital Global's Continuing Private-to-Public Equity (PPE)™ Mentor Investor™ Legacy of Scaling Transformative Deep Technology for Social Equity, Environmental Sustainability, and the Preservation of Our Planet

Continuing GigCapital Global's Mission to Build Enduring Public Companies That Deliver Meaningful Impact for Humanity, Improve Quality of Life, and Protect Our Shared Ecological Future

PALO ALTO, Calif., October 26, 2026--GigCapital9 Corp. (Nasdaq: GIX) ("GigCapital9" or the "Company"), a publicly traded Private-to-Public Equity (PPE)™ Mentor Investor™, today announced that it has entered into a non-binding Letter of Intent ("LOI") with a leading clean energy technology company focusing on post-combustion carbon capture solutions.

The proposed business combination is intended to provide a pathway for the Company to bring differentiated clean energy technology to the public capital markets, supporting the commercialization of clean, firm power applications required for the growth in power demand driven by artificial intelligence (AI) applications, and more generally to contribute to a more sustainable global energy future.

The prospective business combination brings together GigCapital9's Private-to-Public Equity (PPE) Mentor Investor model with a technology company led by an experienced team of industry professionals with deep expertise in the energy and chemical industries and the development and deployment of industrial scale clean energy technology solutions. The target company is supported by an established network of "tier-one" energy strategic and industrial partners with experience in advancing and commercializing clean energy technologies. The proposed business combination contemplates a pre-money enterprise value for the target company of approximately $600 million, subject to customary closing conditions, plus a potential earnout of up to $100 million.

The proposed transaction reflects GigCapital Global's continued focus on identifying differentiated, technically advanced businesses with the potential to address significant global challenges and create enduring value through access to the public capital markets.

A Message from GigCapital9's Executive Chairman and Chief Executive Officer

Dr. Avi S. Katz, Executive Chairman and Chief Executive Officer of GigCapital9, commented:
"This proposed business combination is another excellent example of how GigCapital Global continues to build on and extend the legacy of our Private-to-Public Equity (PPE) Mentor Investor model. Our mission has always been to identify exceptional deep technology companies, work alongside their outstanding leadership teams, and help create the public company platforms needed to scale their technologies and maximize their impact."

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