D. E. Shaw & Co. Inc. boosted its holdings in Gigcapital7 Corp. (NASDAQ:GIG - Free Report) by 64.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 815,000 shares of the company's stock after acquiring an additional 318,717 shares during the quarter. D. E. Shaw & Co. Inc. owned 2.45% of Gigcapital7 worth $8,142,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Westchester Capital Management LLC bought a new stake in Gigcapital7 during the fourth quarter worth about $9,580,000. Whitebox Advisors LLC acquired a new position in shares of Gigcapital7 in the 4th quarter worth approximately $7,600,000. Picton Mahoney Asset Management bought a new stake in Gigcapital7 during the 4th quarter worth approximately $7,175,000. Bulldog Investors LLP acquired a new stake in Gigcapital7 during the 4th quarter valued at $3,580,000. Finally, Mizuho Securities USA LLC bought a new position in Gigcapital7 in the 4th quarter valued at $3,372,000.
Gigcapital7 Price Performance
GIG stock remained flat at $10.25 during trading on Wednesday. 4 shares of the company traded hands, compared to its average volume of 48,730. The firm's 50 day moving average price is $10.17. Gigcapital7 Corp. has a 1 year low of $9.89 and a 1 year high of $10.28.
Gigcapital7 Company Profile
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Free Report)
GigCapital7 Corp. is a blank check company or special purpose acquisition company. It was formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded by Avishay S.
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