D. E. Shaw & Co. Inc. Purchases 318,717 Shares of Gigcapital7 Corp. (NASDAQ:GIG)

D. E. Shaw & Co. Inc. increased its position in Gigcapital7 Corp. (NASDAQ:GIG) by 64.2% during the fourth quarter, Holdings Channel reports. The firm owned 815,000 shares of the company’s stock after buying an additional 318,717 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Gigcapital7 were worth $8,142,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Westchester Capital Management LLC bought a new position in Gigcapital7 in the 4th quarter valued at about $9,580,000. Whitebox Advisors LLC bought a new position in Gigcapital7 in the 4th quarter valued at about $7,600,000. Picton Mahoney Asset Management bought a new position in Gigcapital7 in the 4th quarter valued at about $7,175,000. Bulldog Investors LLP bought a new position in Gigcapital7 in the 4th quarter valued at about $3,580,000. Finally, Mizuho Securities USA LLC bought a new position in Gigcapital7 in the 4th quarter valued at about $3,372,000.

Gigcapital7 Trading Up 0.2%

Gigcapital7 stock opened at $10.25 on Friday. Gigcapital7 Corp. has a twelve month low of $9.89 and a twelve month high of $10.28. The firm has a 50-day moving average of $10.16.

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.