GigCapital7 Corp. (NASDAQ:GIG) Shares Purchased by Wolverine Asset Management LLC

Key Points

• Wolverine Asset Management LLC increased its stake in GigCapital7 Corp. by 86.3% during the first quarter, owning 563,976 shares valued at approximately $5.74 million.
• Other notable investments include PNC Financial Services and Tabor Asset Management acquiring new stakes in GigCapital7, indicating increased institutional interest in the company.
• GigCapital7's stock price opened at $10.37, reflecting a slight decrease of 0.2% amid a stable trading range over the past year.

Wolverine Asset Management LLC boosted its position in shares of GigCapital7 Corp. (NASDAQ:GIG - Free Report) by 86.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 563,976 shares of the company's stock after buying an additional 261,316 shares during the period. Wolverine Asset Management LLC owned 1.69% of GigCapital7 worth $5,741,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new stake in shares of GigCapital7 in the first quarter valued at about $761,000. Tabor Asset Management LP purchased a new stake in GigCapital7 during the 1st quarter valued at approximately $17,829,000. Calamos Advisors LLC acquired a new stake in GigCapital7 during the 1st quarter worth approximately $9,407,000. Toronto Dominion Bank purchased a new position in shares of GigCapital7 in the 4th quarter valued at approximately $463,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of GigCapital7 by 64.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 815,000 shares of the company's stock valued at $8,142,000 after purchasing an additional 318,717 shares during the period.

GigCapital7 Stock Down 0.2%

Shares of NASDAQ GIG opened at $10.37 on Friday. The stock has a fifty day moving average price of $10.37 and a 200 day moving average price of $10.22. GigCapital7 Corp. has a 1-year low of $9.89 and a 1-year high of $10.43.

About GigCapital7

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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