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

Radcliffe Capital Management L.P. increased its stake in shares of GigCapital7 Corp. (NASDAQ:GIG) by 3,240.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 523,973 shares of the company’s stock after purchasing an additional 508,289 shares during the period. Radcliffe Capital Management L.P. owned 1.57% of GigCapital7 worth $5,528,000 as of its most recent SEC filing.

Separately, TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in GigCapital7 during the 2nd quarter valued at $5,270,000.

Analysts Set New Price Targets

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

GigCapital7 Price Performance

Shares of GIG stock opened at $10.63 on Friday. The firm has a market cap of $354.30 million, a P/E ratio of 96.65 and a beta of 0.05. GigCapital7 Corp. has a 1-year low of $10.11 and a 1-year high of $12.50. The firm’s 50-day simple moving average is $10.58 and its 200-day simple moving average is $10.58.

GigCapital7 (NASDAQ:GIG) last released its earnings results on Friday, March 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.