Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys Shares of 300,000 Gigcapital7 Corp. (NASDAQ:GIG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Gigcapital7 Corp. (NASDAQ:GIG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 300,000 shares of the company's stock, valued at approximately $3,000,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.90% of Gigcapital7 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Periscope Capital Inc. purchased a new position in shares of Gigcapital7 in the fourth quarter valued at $2,000,000. Wolverine Asset Management LLC bought a new position in Gigcapital7 during the fourth quarter valued at $3,027,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of Gigcapital7 in the 4th quarter worth $7,175,000.

Gigcapital7 Stock Performance

Shares of NASDAQ GIG traded up $0.05 during trading hours on Friday, hitting $10.18. 4,800 shares of the company traded hands, compared to its average volume of 48,130. The firm's 50 day moving average is $10.10. Gigcapital7 Corp. has a 12 month low of $9.89 and a 12 month high of $10.18.

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.