D. E. Shaw & Co. Inc. Has $8.14 Million Holdings in Gigcapital7 Corp. (NASDAQ:GIG)

D. E. Shaw & Co. Inc. increased its stake in Gigcapital7 Corp. (NASDAQ:GIG) by 64.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 815,000 shares of the company’s stock after purchasing an additional 318,717 shares during the period. D. E. Shaw & Co. Inc. owned approximately 2.45% of Gigcapital7 worth $8,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new position in shares of Gigcapital7 during the 4th quarter worth about $3,027,000. Periscope Capital Inc. acquired a new position in shares of Gigcapital7 during the 4th quarter worth about $2,000,000. Picton Mahoney Asset Management acquired a new position in shares of Gigcapital7 during the 4th quarter worth about $7,175,000. Mizuho Securities USA LLC acquired a new position in shares of Gigcapital7 during the 4th quarter worth about $3,372,000. Finally, Virtu Financial LLC acquired a new position in shares of Gigcapital7 during the 4th quarter worth about $537,000.

Gigcapital7 Price Performance

Gigcapital7 stock opened at $10.25 on Friday. The business’s 50-day simple moving average is $10.16. Gigcapital7 Corp. has a one year low of $9.89 and a one year high of $10.28.

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.