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

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 IPO on August 29th. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

GigCapital7 Corp. Unit Stock Performance

GigCapital7 Corp. Unit stock opened at $10.13 on Monday. GigCapital7 Corp. Unit has a one year low of $9.93 and a one year high of $10.17. The firm’s fifty day simple moving average is $10.08.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GIGGU. Tidal Investments LLC purchased a new position in GigCapital7 Corp. Unit during the 3rd quarter valued at approximately $329,000. Rivernorth Capital Management LLC purchased a new position in shares of GigCapital7 Corp. Unit in the 3rd quarter worth approximately $2,353,000. Quarry LP purchased a new position in shares of GigCapital7 Corp. Unit in the 3rd quarter worth approximately $2,492,000. Periscope Capital Inc. purchased a new position in shares of GigCapital7 Corp. Unit in the 3rd quarter worth approximately $3,490,000. Finally, Whitebox Advisors LLC purchased a new position in shares of GigCapital7 Corp. Unit in the 3rd quarter worth approximately $7,577,000.

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.