GIX - Bolder Industries in talks to go public through a reverse merger with GigCapital2 in early 1Q21

TMT SPAC GigCapital2 (GIX) and Waste to Energy Partners LLC have entered into a non-binding letter of intent for a business combination with Bolder Industries, a sustainable rubber ingredient maker. Tony Wibbeler, Founder and Chief Executive Officer of Bolder Industries, commented: “This combination with GigCapital2 will allow us to further deliver on our mission, accelerate our growth, and deliver significant shareholder value as a public company.” Under the terms of the LOI, the enterprise value of the combined company is ~$880M.Bolder and GigCapital2 aim to reach a formal agreement before the end of the year with a closing anticipated in the early part of 1Q21.

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Bolder Industries in talks to go public through a reverse merger with GigCapital2 in early 1Q21