GigCapital7 Corp. $GIG is Yakira Capital Management Inc.’s Largest Position

Yakira Capital Management Inc. cut its holdings in GigCapital7 Corp. (NASDAQ:GIG) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,607,586 shares of the company’s stock after selling 145,514 shares during the period. GigCapital7 comprises 6.0% of Yakira Capital Management Inc.’s holdings, making the stock its largest holding. Yakira Capital Management Inc.’s holdings in GigCapital7 were worth $16,960,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wolverine Asset Management LLC lifted its holdings in shares of GigCapital7 by 51.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 890,035 shares of the company’s stock valued at $9,390,000 after acquiring an additional 303,330 shares during the last quarter. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in GigCapital7 during the second quarter worth approximately $5,270,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in GigCapital7 during the second quarter valued at approximately $163,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of GigCapital7 in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

GigCapital7 Stock Up 0.4%

GIG stock opened at $10.61 on Monday. GigCapital7 Corp. has a twelve month low of $10.11 and a twelve month high of $12.50. The stock has a market capitalization of $353.63 million, a price-to-earnings ratio of 96.46 and a beta of 0.05. The firm’s fifty day simple moving average is $10.57 and its two-hundred day simple moving average is $10.58.

GigCapital7 (NASDAQ:GIG) last released its quarterly earnings results on Friday, March 6th. The company reported $0.02 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.