GigCapital7 Corp. Unit’s (NASDAQ:GIGGU) Lock-Up Period To Expire on February 25th

GigCapital7 Corp. Unit’s (NASDAQ:GIGGU) lock-up period is set to expire on Tuesday, February 25th. GigCapital7 Corp. Unit had issued 20,000,000 shares in its public offering on August 29th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of GigCapital7 Corp. Unit’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

GigCapital7 Corp. Unit Trading Up 0.3 %

Shares of NASDAQ GIGGU opened at $10.13 on Tuesday. The business has a 50 day simple moving average of $10.07. GigCapital7 Corp. Unit has a twelve month low of $9.93 and a twelve month high of $10.17.

Institutional Investors Weigh In On GigCapital7 Corp. Unit

Hedge funds have recently made changes to their positions in the business. Wealthspring Capital LLC increased its stake in shares of GigCapital7 Corp. Unit by 67.0% during the 4th quarter. Wealthspring Capital LLC now owns 78,735 shares of the company’s stock worth $790,000 after purchasing an additional 31,585 shares during the last quarter. Rivernorth Capital Management LLC purchased a new position in shares of GigCapital7 Corp. Unit during the 3rd quarter valued at $2,353,000. Tidal Investments LLC purchased a new position in shares of GigCapital7 Corp. Unit during the 3rd quarter valued at $329,000. Whitebox Advisors LLC bought a new position in GigCapital7 Corp. Unit during the third quarter worth about $7,577,000. Finally, Quarry LP bought a new position in GigCapital7 Corp. Unit in the 3rd quarter worth approximately $2,492,000.

GigCapital7 Corp. Unit Company Profile

We are a newly organized Private-to-Public Equity (PPE) company, also known as a blank check company or special purpose acquisition company, incorporated in the Cayman Islands and formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.