Mint Tower Capital Management B.V. Decreases Holdings in GigCapital7 Corp. $GIG

Mint Tower Capital Management B.V. trimmed its holdings in shares of GigCapital7 Corp. (NASDAQ:GIG) by 33.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 199,799 shares of the company’s stock after selling 100,201 shares during the quarter. Mint Tower Capital Management B.V.’s holdings in GigCapital7 were worth $2,106,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GIG. Highbridge Capital Management LLC purchased a new stake in shares of GigCapital7 during the 4th quarter valued at about $19,799,000. TENOR CAPITAL MANAGEMENT Co. L.P. raised its holdings in GigCapital7 by 232.9% during the 3rd quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 1,690,136 shares of the company’s stock valued at $17,831,000 after buying an additional 1,182,437 shares during the period. Radcliffe Capital Management L.P. raised its holdings in GigCapital7 by 3,240.8% during the 3rd quarter. Radcliffe Capital Management L.P. now owns 523,973 shares of the company’s stock valued at $5,528,000 after buying an additional 508,289 shares during the period. Quarry LP purchased a new stake in GigCapital7 during the 3rd quarter valued at $598,000. Finally, Geode Capital Management LLC purchased a new stake in GigCapital7 during the 4th quarter valued at $562,000.

GigCapital7 Trading Down 3.0%

NASDAQ:GIG opened at $5.01 on Friday. GigCapital7 Corp. has a twelve month low of $4.17 and a twelve month high of $12.50. The company has a market cap of $166.82 million, a price-to-earnings ratio of 62.57 and a beta of 0.04. The stock has a fifty day simple moving average of $7.68 and a 200-day simple moving average of $9.55.

GigCapital7 (NASDAQ:GIG) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.02 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered GigCapital7 from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About GigCapital7

GigCapital7, Inc (NASDAQ: GIG) is a special purpose acquisition company incorporated in Delaware in 2021. As a blank check corporation, it was formed solely to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021.

GigCapital7 has not generated revenue from operations and currently holds its offering proceeds in trust while it evaluates potential targets.