Radcliffe Capital Management L.P. Raises Holdings in GigCapital7 Corp. $GIG

Radcliffe Capital Management L.P. boosted its position in GigCapital7 Corp. (NASDAQ:GIG) by 3,240.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 523,973 shares of the company’s stock after acquiring an additional 508,289 shares during the quarter. Radcliffe Capital Management L.P.’s holdings in GigCapital7 were worth $5,528,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Wolverine Asset Management LLC increased its stake in GigCapital7 by 51.7% during the third quarter. Wolverine Asset Management LLC now owns 890,035 shares of the company’s stock worth $9,390,000 after acquiring an additional 303,330 shares during the last quarter.

GigCapital7 Stock Performance

GIG stock opened at $10.63 on Friday. The firm has a 50 day simple moving average of $10.58 and a 200-day simple moving average of $10.58. The company has a market capitalization of $354.30 million, a P/E ratio of 96.65 and a beta of 0.05. GigCapital7 Corp. has a twelve month low of $10.11 and a twelve month high of $12.50.

GigCapital7 (NASDAQ:GIG) last posted its quarterly earnings results on Friday, March 6th. The company reported $0.02 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of GigCapital7 in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

GigCapital7 Company Profile

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.