GigCapital7 Corp. Unit’s Lock-Up Period Will Expire Tomorrow (NASDAQ:GIGGU)

GigCapital7 Corp. Unit’s (NASDAQ:GIGGU) lock-up period is set to end 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. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

GigCapital7 Corp. Unit Stock Performance

Shares of GIGGU stock opened at $10.13 on Monday. GigCapital7 Corp. Unit has a 52 week low of $9.93 and a 52 week high of $10.17. The business’s 50 day moving average is $10.08.

Hedge Funds Weigh In On GigCapital7 Corp. Unit

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GIGGU. Wealthspring Capital LLC grew its stake in GigCapital7 Corp. Unit by 67.0% during the fourth quarter. Wealthspring Capital LLC now owns 78,735 shares of the company’s stock worth $790,000 after buying an additional 31,585 shares in the last quarter. Tidal Investments LLC bought a new position in GigCapital7 Corp. Unit during the 3rd quarter worth approximately $329,000. Parallax Volatility Advisers L.P. bought a new position in GigCapital7 Corp. Unit during the 3rd quarter worth approximately $653,000. Rivernorth Capital Management LLC acquired a new stake in shares of GigCapital7 Corp. Unit during the 3rd quarter worth approximately $2,045,000. Finally, Quarry LP acquired a new stake in shares of GigCapital7 Corp. Unit during 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.