Mizuho Securities USA LLC Trims Stock Position in GigCapital7 Corp. (NASDAQ:GIG)

Key Points

• Mizuho Securities USA LLC has reduced its stake in GigCapital7 Corp. by 55.1%, now owning 152,257 shares valued at approximately $1.54 million.
• Several other hedge funds have also made moves in GigCapital7, including Westchester Capital Management acquiring a $9.58 million stake in the fourth quarter.
• GigCapital7's stock opened at $10.37, with a twelve-month range of $9.89 to $10.43.

Mizuho Securities USA LLC trimmed its position in GigCapital7 Corp. (NASDAQ:GIG - Free Report) by 55.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 152,257 shares of the company's stock after selling 186,614 shares during the period. Mizuho Securities USA LLC owned about 0.46% of GigCapital7 worth $1,538,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GIG. Tabor Asset Management LP acquired a new stake in GigCapital7 in the 1st quarter worth about $17,829,000. Westchester Capital Management LLC acquired a new position in shares of GigCapital7 during the 4th quarter worth approximately $9,580,000. Calamos Advisors LLC acquired a new position in shares of GigCapital7 during the 1st quarter worth approximately $9,407,000. Whitebox Advisors LLC acquired a new position in shares of GigCapital7 during the 4th quarter worth approximately $7,600,000. Finally, Bulldog Investors LLP acquired a new position in shares of GigCapital7 during the 4th quarter worth approximately $3,580,000.

GigCapital7 Trading Up 0.2%

Shares of GigCapital7 stock traded up $0.02 on Friday, hitting $10.37. 11,739 shares of the company were exchanged, compared to its average volume of 134,655. The company has a 50-day moving average price of $10.37 and a 200 day moving average price of $10.23. GigCapital7 Corp. has a 1-year low of $9.89 and a 1-year high of $10.43.

GigCapital7 (NASDAQ:GIG - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.05 earnings per share for the quarter.

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.