Giga Solar Materials Corp. announced a private placement of 5,597,007 common shares at an issue price of NTD 115 per share for gross proceeds of NTD 643,655,805 on September 7, 2022. The transaction will include participation from returning investor Gigastorage Corporation. The transaction is expected to close on September 13, 2022.

On September 12, 2022, the transaction has been approved by the board of directors and supervisors of the investor.