Schonfeld Strategic Advisors LLC Makes New Investment in Gigcapital7 Corp. (NASDAQ:GIG)

Schonfeld Strategic Advisors LLC bought a new position in Gigcapital7 Corp. (NASDAQ:GIG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 75,000 shares of the company’s stock, valued at approximately $750,000. Schonfeld Strategic Advisors LLC owned about 0.23% of Gigcapital7 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wolverine Asset Management LLC acquired a new position in Gigcapital7 in the fourth quarter valued at approximately $3,027,000. Picton Mahoney Asset Management acquired a new position in shares of Gigcapital7 in the 4th quarter valued at $7,175,000. Periscope Capital Inc. purchased a new position in shares of Gigcapital7 during the 4th quarter worth $2,000,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Gigcapital7 during the 4th quarter worth about $3,000,000. Finally, Virtu Financial LLC purchased a new stake in Gigcapital7 in the 4th quarter valued at about $537,000.

Gigcapital7 Stock Down 0.2 %

Shares of GIG stock opened at $10.22 on Friday. Gigcapital7 Corp. has a 1-year low of $9.89 and a 1-year high of $10.24. The stock’s 50-day moving average is $10.15.

Gigcapital7 Profile

GigCapital7 Corp. is a blank check company or special purpose acquisition company. It was formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded by Avishay S.