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  3. |DEAL NOTE: Crowell & Moring Advises GigCapital3, Inc. on $200 Million IPO

DEAL NOTE: Crowell & Moring Advises GigCapital3, Inc. on $200 Million IPO

Firm News | 1 min read | 05.15.20

New York – May 15, 2020: Crowell & Moring advised GigCapital3, Inc. in its initial public offering of 20,000,000 units at a price of $10.00 per unit. Each unit consists of one share of common stock and three-quarters of a warrant to purchase one share of common stock at a price of $11.50 per share. The units were listed on the New York Stock Exchange and trade under the ticker symbol “GIK.U” beginning May 14, 2020. GigCapital3 also granted the underwriters a 45-day over-allotment option for the sale of up to an additional $30,000,000 of GigCapital3’s units. Once the securities comprising the units begin separate trading, the shares, rights and warrants are expected to be traded on the NYSE under the symbols “GIK” and “GIK WS” respectively.

Crowell & Moring served as lead legal counsel to GigCapital3 in this transaction, as well as in the company’s formation. The team included partners Jeffrey C. Selman, Renée Delphin-Rodriguez, and Charles C. Hwang, counsel William Bruno, senior law clerk Sari Schreiber, and corporate transaction specialist Matt Postiglione.

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Firm News | 1 min read | 07.16.24

Crowell & Moring Advises itselectric in $6.5 Million Seed Funding Round

New York – July 16, 2024: Crowell & Moring represented itselectric, a Brooklyn-based electric vehicle curbside charging company, in closing a $6.5 million in a seed funding round. The round was led by Failup Ventures and Uber Technologies, with additional participation from Halogen Ventures, The Partnership Fund for NYC, Pulse Fund, Newlab, Gratitude Railroad, Tale VP, Equity Alliance Fund, LACI Impact Fund, and The Helm. This new funding will support itselectric's expansion to seven U.S. cities in 2024, including Boston, Los Angeles, Detroit, Jersey City, and San Francisco, and will help meet the growing demand for convenient and affordable curbside EV charging solutions.With the rapid growth of EV sales in the U.S. and the increasing need for charging infrastructure, itselectric's innovative Level-2 charging posts offer a scalable solution. These chargers connect behind-the-meter to draw spare electrical supply from adjacent buildings, eliminating the need for utility permitting and coordination. This approach allows for zero-cost installation to property owners and cities, while also providing a revenue-sharing model that benefits property owners. Additionally, itselectric's UL-certified detachable cable EV chargers emphasize safety, customer experience, and product quality.New York-based corporate partner Matthew Moisan led the deal with assistance from counsel Justin Lurie and associate Justin Porter....

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