Gigcapital8 (NASDAQ:GIWWR) Trading Down 1.8% – Time to Sell?

Gigcapital8 Corp. (NASDAQ:GIWWR) shares fell 1.8% during mid-day trading on Thursday . The stock traded as low as $0.27 and last traded at $0.27. 200 shares were traded during trading, a decline of 100% from the average session volume of 48,996 shares. The stock had previously closed at $0.2750.

Gigcapital8 Stock Performance

About Gigcapital8

GigCapital8 (NASDAQ: GIWWR) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a merger, capital stock exchange, asset acquisition or other business combination with one or more businesses. As a blank‑check vehicle, GigCapital8 does not operate an ongoing commercial business prior to completing a qualifying business combination; its principal activity is identifying and negotiating a combination with a target company that will permit the combined entity to become publicly listed.

Like other SPACs, GigCapital8 holds the proceeds of its offering in a trust account invested in cash and cash equivalents or short‑term government instruments until a business combination is completed or the trust is liquidated.