Wealthspring Capital LLC boosted its position in GigCapital7 Corp. Unit (NASDAQ:GIGGU – Free Report) by 67.0% in the 4th quarter, Holdings Channel reports. The fund owned 78,735 shares of the company’s stock after purchasing an additional 31,585 shares during the period. GigCapital7 Corp. Unit makes up about 1.3% of Wealthspring Capital LLC’s investment portfolio, making the stock its 26th biggest position. Wealthspring Capital LLC’s holdings in GigCapital7 Corp. Unit were worth $790,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC purchased a new stake in GigCapital7 Corp. Unit in the 3rd quarter worth approximately $329,000. Rivernorth Capital Management LLC purchased a new stake in GigCapital7 Corp. Unit in the 3rd quarter worth approximately $2,353,000. Quarry LP purchased a new stake in GigCapital7 Corp. Unit in the 3rd quarter worth approximately $2,492,000. Periscope Capital Inc. purchased a new stake in GigCapital7 Corp. Unit in the 3rd quarter worth approximately $3,490,000. Finally, Whitebox Advisors LLC purchased a new stake in GigCapital7 Corp. Unit in the 3rd quarter worth approximately $7,577,000.
GigCapital7 Corp. Unit Price Performance
GIGGU stock opened at $10.13 on Wednesday. The stock has a 50 day moving average price of $10.09. GigCapital7 Corp. Unit has a one year low of $9.93 and a one year high of $10.17.
GigCapital7 Corp. Unit 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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