Bolder Industries entered into a non-binding letter of intent to acquire GigCapital2, Inc. (NYSE:GIX) in a reverse merger transaction on October 27, 2020. The enterprise value of the combined company is approximately $880 million. Under the terms of agreement, GigCapital2 and Bolder would become a combined entity, with Bolder’s existing shareholders rolling over a majority of the equity in the combined public company. The business combination would result in Bolder Industries becoming a publicly traded company on the New York Stock Exchange. The final terms of the definitive agreement are subject to the completion of due diligence to the GigCapital2 satisfaction. The completion of the business combination is subject to the negotiation and execution of definitive documentation and satisfaction of the conditions therein, including completion of any required stock exchange and regulatory review, approval of the transaction by GigCapital2 and Bolder’s board and stockholders and receipt by Bolder of any required third-party approvals. The closing of the transaction is anticipated in the early part of the first quarter of 2021. MacKenzie Partners, Inc. acted as information agent to GigCapital2 and will receive a fee of $7,500 for its services. Bolder Industries cancelled the acquisition of GigCapital2, Inc. (NYSE:GIX) in a reverse merger transaction on November 23, 2020.