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

GigCapital7 Corp. Unit’s (NASDAQ:GIGGU) lock-up period will end on Tuesday, February 25th. GigCapital7 Corp. Unit had issued 20,000,000 shares in its initial 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 major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

GigCapital7 Corp. Unit Price Performance

NASDAQ:GIGGU opened at $10.13 on Friday. The stock has a fifty day moving average price of $10.08. GigCapital7 Corp. Unit has a 1 year low of $9.93 and a 1 year high of $10.17.

Hedge Funds Weigh In On GigCapital7 Corp. Unit

Institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC purchased a new stake in GigCapital7 Corp. Unit during the 3rd quarter valued at about $329,000. Parallax Volatility Advisers L.P. purchased a new stake in GigCapital7 Corp. Unit during the 3rd quarter valued at about $653,000. Wealthspring Capital LLC raised its position in GigCapital7 Corp. Unit by 67.0% during the 4th quarter. Wealthspring Capital LLC now owns 78,735 shares of the company’s stock valued at $790,000 after purchasing an additional 31,585 shares during the last quarter. Rivernorth Capital Management LLC bought a new position in GigCapital7 Corp. Unit during the 3rd quarter valued at approximately $2,045,000. Finally, Quarry LP bought a new position in GigCapital7 Corp. Unit during the 3rd quarter valued at 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.