GigCapital Group (GigCG) Announces Expansion into Israel With New Operations Headed by Technology and Venture Capital Industry Veteran Kobi Rozengarten

PALO ALTO, Calif.–(BUSINESS WIRE)–GigCapital Group (GigCG), a technology, media and telecommunications
(TMT) Private-to-Public Equity (PPE)TM company (“Company”)
focused investment holding group of affiliated technology industry
corporate executives and entrepreneurs, and TMT operational and
strategic experts in the private and public markets, today announced the
global expansion of its business with the opening of a new office in
Israel, representing its first overseas office. Leading these operations
will be technology industry and venture capital veteran Mr. Kobi
Rozengarten, who becomes Managing Partner of GigCG Israel.

“We are pleased and honored to welcome Kobi to the position of Managing
Partner of GigCapital Group (GigCG) Israel who will lead our global
expansion in this important region,” said Dr. Avi Katz, Executive
Chairman and Chief Executive Officer of GigCapital Group. “Kobi brings
to our firm extensive international technology industry experience along
with an excellent record of entrepreneurship and execution of multiple
and successful M&A transactions. We couldn’t be more fortunate than to
partner with Kobi, exhibiting an excellent fit for our unique Mentor
Investors™ methodology, which offers exceptionally run and fast-growing
private companies looking to accelerate their path to a U.S. listed
public company a breadth of resources, including access to GigCapital’s
experienced entrepreneurs, that is unparalleled in the Private-to-Public
Equity (PPE)™, (also known as a blank check or
special-purpose-acquisition company (SPAC)) marketplace. We are honored
to have an experienced executive of Kobi’s caliber join our team during
our next round of growth, now that we have just completed the initial
public offering of our second Private-to-Public Equity (PPE) endeavor,
GigCapital2, Inc. (NYSE: GIX.U), adding it to our previous
Private-to-Public Equity (PPE) entity, GigCapital, Inc. (NYSE: GIG.U).”

With over 30 years of experience in senior management positions within
the technology sector, Mr. Rozengarten is a recognized expert in the
semiconductor and Data Storage fields, and he is an active private
investor in SaaS software companies. Prior to joining GigCapital Group,
Mr. Rozengarten was a Managing Partner at Jerusalem Venture Partners
(JVP), where he led or co-led more than 25 transactions, including the
sale of Altair Semiconductor to Sony, CyOptics to Avago, XtremIO to EMC
and Dune Network to Broadcom. Before joining JVP, Mr. Rozengarten was
President of Saifun Semiconductors, a leading provider of IP solutions
for the non-volatile memory market. In this capacity, Mr. Rozengarten
was responsible for formulating and executing the company’s business
strategy and co-led its IPO on the NASDAQ exchange. Mr. Rozengarten also
held multiple positions, including Managing Director, vice president of
Operations and vice president of Business Development with Kulicke and
Soffa Industries, a leading supplier of equipment for the semiconductor
industry.

“I am honored and excited to join the GigCapital Group team and lead the
expansion of its business into Israel. Having experienced multiple
transactions from both the corporate and venture capital side, I am
impressed with the Mentor Investors™ platform Avi and his team have
created and believe it is an excellent vehicle for fast-growing private
companies to quickly and efficiently list on U.S. public exchanges,”
said Mr. Rozengarten.

Mr. Rozengarten holds a BS in Industrial Engineering (Information
systems) and a MS in Industrial Management from the Technion Israel
Institute of Technology and serves as a member of the Technion Board of
Governors.

“Private-to-Public Equity (PPE)” and “Mentor-Investor” are trademarks of
GigFounders, LLC, a member entity of the GigCapital Group and the
founder of GigAcquisitions2, LLC, used pursuant to agreement.

About The GigCapital Group

The GigCapital Group (GigCG) is a technology, media and
telecommunications (TMT) focused investment group led by an affiliated
team of technology industry corporate executives and entrepreneurs, and
TMT operational and strategic experts in the private and public markets,
including substantial, success proven M&A and IPO activities. The group
deploys a unique Mentor-Investors methodology to partner with
exceptional TMT companies, managed by dedicated and experienced
entrepreneurs. The GigCG Private-to-Public Equity (PPE) companies (also
known as blank check companies or special purpose acquisition companies
(SPACs)) offer financial, operational and executive mentoring to U.S.
and overseas private, and non-U.S. public companies, in order to
accelerate their path from inception and as a privately-held entity into
the growth-stage as a publicly traded company in the U.S. The
partnership of GigCG with these companies continues through an organic
and roll-up strategy growth post the transition to a public company.
GigCG was launched in 2017 with the vision of becoming the lead
franchise in incepting and developing TMT Private-to-Public Equity (PPE)
companies. In late 2017, GigCG incepted its first Private-to-Public
Equity (PPE) company, GigCapital, Inc. (“GigCapital1”) (www.GigCapitalGlobal.com),
which conducted its IPO on December 7, 2017 (NYSE: GIG), raising
$125,00,000 in the base offering, which was increased to $143,750,000
with the underwriters exercise of their over-allotment option.
GigCapital1 was sponsored by GigAcquisitions, LLC, (“GigAcquisitions1”)
which was founded by GigFounders, LLC (www.gigfoundersglobal.com).
In February 2018, GigCapital1 announced the execution of a definitive
stock purchase agreement to acquire Kaleyra S.p.A. (www.kaleyra.com),
headquartered in Milan, Italy, a combination that GigCapital1 expects to
close during the 2nd half of 2019. In March 2019, GigCG launched
GigCapital2, Inc. (“GigCapital2”) (www.GigCapital2.com),
which conducted its IPO on June 5, 2019 (NYSE:GIX.U) for $150,00,000 in
the base offering, and also granted the underwriters a 45-day
over-allotment option for the sale of up to an additional $22,500,000 of
GigCapital2’s units GigCapital2 is sponsored by GigAcquisitions2, LLC,
which was founded by GigFounders, LLC. GigCG pioneered the TMT
Private-to-Public Equity (PPE) methodology, focusing solely on
technology companies that are beyond the Private Equity Growth Stage and
are striving to be established as a publicly listed enterprise on the
NYSE. The GigCG Private-to-Public Equity (PPE) companies deploy a unique
methodological process to systematically search and target prospective
partners, generating a high-quality domestic and international
attractive funnel of potential business combination opportunities. All
GigCG members are financially involved in seeding the Private-to-Public
(PPE) entities and commit time to support the mission and initiatives of
GigCG to build a long-term industry leader Private-to-Public Equity
(PPE) franchise. GigCG is committed to partner and enable public
offerings of exceptional TMT companies being led by solid long term
committed leadership teams. For more on GigCG and its affiliates please
see www.GigCG.com.

Contacts

Business Contact in Israel:
Kobi Rozengarten
kobi@GigCapitalGlobal.com

Investor
Contact:
Darrow Associates, Inc.
Jim Fanucchi, (408) 404-5400
ir@GigCapital2.com

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