GigCapital7 Corp. $GIG Shares Sold by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. lessened its position in GigCapital7 Corp. (NASDAQ:GIG) by 41.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,005,240 shares of the company’s stock after selling 710,191 shares during the period. Aristeia Capital L.L.C.’s holdings in GigCapital7 were worth $10,595,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Highbridge Capital Management LLC acquired a new stake in shares of GigCapital7 in the fourth quarter valued at about $19,799,000. TENOR CAPITAL MANAGEMENT Co. L.P. grew its holdings in shares of GigCapital7 by 232.9% during the third quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 1,690,136 shares of the company’s stock worth $17,831,000 after buying an additional 1,182,437 shares in the last quarter. Radcliffe Capital Management L.P. grew its holdings in shares of GigCapital7 by 3,240.8% during the third quarter. Radcliffe Capital Management L.P. now owns 523,973 shares of the company’s stock worth $5,528,000 after buying an additional 508,289 shares in the last quarter. Meteora Capital LLC purchased a new stake in shares of GigCapital7 during the fourth quarter worth about $3,004,000. Finally, Clear Street Group Inc. purchased a new stake in shares of GigCapital7 during the fourth quarter worth about $1,162,000.

Analyst Ratings Changes

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

GigCapital7 Trading Down 3.0%

NASDAQ GIG opened at $5.01 on Thursday. The company’s fifty day simple moving average is $7.23 and its 200-day simple moving average is $9.39. The stock has a market cap of $166.82 million, a P/E ratio of 62.57 and a beta of 0.04. GigCapital7 Corp. has a 52 week low of $4.17 and a 52 week high of $12.50.

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

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.