Gigcapital7 Corp.
09/26/2024 | Press release | Distributed by Public on 09/26/2024 14:23
Management Change/Compensation Form 8 K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 23, 2024, the Board of Directors (the "Board") of GigCapital7 Corp., a Cayman Islands exempted company (the "Company") approved the payment by the Company of advisory fees to directors in connection with certain activities on its behalf, such as identifying and investigating possible business targets and business combinations as well as pertaining to board committee service and administrative and analytical services. These advisory fees will be paid quarterly, and include payments to Dr. Avi S. Katz, the Chief Executive Officer. The quarterly amounts approved are as follows:
|
Quarterly compensation prior to signing a definitive agreement with a defined business combination target |
Quarterly compensation following the signing of a definitive agreement with a defined business combination target |
|
|
Dr. Avi S. Katz |
$6,000 |
$8,000 |
|
Dr. Raluca Dinu |
$6,000 |
$8,000 |
|
Raanan I. Horowitz |
$6,000 |
$8,000 |
|
Karen Rogge |
$6,000 |
$8,000 |
|
Professor Darius Moshfeghi |
$6,000 |
$8,000 |
|
Ambassador Adrian Zuckerman |
$6,000 |
$8,000 |