Whitebox Advisors LLC Acquires Shares of 760,000 Gigcapital7 Corp. (NASDAQ:GIG)

Whitebox Advisors LLC bought a new position in shares of Gigcapital7 Corp. (NASDAQ:GIG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 760,000 shares of the company's stock, valued at approximately $7,600,000. Whitebox Advisors LLC owned approximately 2.28% of Gigcapital7 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Rangeley Capital LLC bought a new position in Gigcapital7 during the 4th quarter worth approximately $100,000. Virtu Financial LLC bought a new stake in Gigcapital7 in the fourth quarter worth approximately $537,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Gigcapital7 during the 4th quarter valued at $750,000. Periscope Capital Inc. bought a new position in shares of Gigcapital7 during the 4th quarter worth about $2,000,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Gigcapital7 in the fourth quarter worth approximately $3,000,000.

Gigcapital7 Price Performance

Shares of GIG traded up $0.01 on Friday, reaching $10.24. The company's stock had a trading volume of 8,009 shares, compared to its average volume of 46,300. Gigcapital7 Corp. has a twelve month low of $9.89 and a twelve month high of $10.24. The company has a fifty day moving average of $10.14.

Gigcapital7 Profile

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.