Yakira Capital Management Inc. trimmed its holdings in shares of GigCapital7 Corp. Unit (NASDAQ:GIGGU – Free Report) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,753,900 shares of the company’s stock after selling 97,400 shares during the period. GigCapital7 Corp. Unit comprises 6.5% of Yakira Capital Management Inc.’s investment portfolio, making the stock its biggest holding. Yakira Capital Management Inc.’s holdings in GigCapital7 Corp. Unit were worth $17,697,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Rivernorth Capital Management LLC acquired a new stake in shares of GigCapital7 Corp. Unit in the third quarter valued at about $2,353,000. Parallax Volatility Advisers L.P. acquired a new stake in shares of GigCapital7 Corp. Unit during the 3rd quarter valued at approximately $653,000. Tidal Investments LLC purchased a new stake in shares of GigCapital7 Corp. Unit during the 3rd quarter worth approximately $329,000. Finally, Wealthspring Capital LLC grew its holdings in shares of GigCapital7 Corp. Unit by 67.0% in the 4th quarter. Wealthspring Capital LLC now owns 78,735 shares of the company’s stock worth $790,000 after acquiring an additional 31,585 shares during the period.
GigCapital7 Corp. Unit Trading Down 4.6 %
GIGGU opened at $10.60 on Friday. GigCapital7 Corp. Unit has a one year low of $9.93 and a one year high of $11.11. The business’s fifty day moving average price is $10.21.
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.
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