Sona Asset Management US LLC Buys New Position in GigInternational1, Inc. $GIW

Posted by Doug Wharley on Jul 27th, 2026

Sona Asset Management US LLC bought a new stake in GigInternational1, Inc. (NASDAQ:GIW – Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 416,416 shares of the company’s stock, valued at approximately $4,152,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in GigInternational1 during the fourth quarter worth about $47,000. Geode Capital Management LLC acquired a new position in shares of GigInternational1 in the fourth quarter valued at approximately $193,000. Lineage Point Capital LP acquired a new position in shares of GigInternational1 in the fourth quarter valued at approximately $346,000. Stoic Point Capital Management LLC acquired a new position in shares of GigInternational1 in the fourth quarter valued at approximately $391,000. Finally, ABC Arbitrage SA purchased a new stake in GigInternational1 during the 4th quarter worth approximately $396,000. 14.01% of the stock is currently owned by hedge funds and other institutional investors.

GigInternational1 Stock Performance

NASDAQ:GIW opened at $10.09 on Monday. GigInternational1, Inc. has a 12-month low of $9.87 and a 12-month high of $10.11. The stock has a fifty day moving average price of $10.07 and a 200 day moving average price of $10.01.

GigInternational1 (NASDAQ:GIW – Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, GigInternational1 has a consensus rating of “Sell”.

Get Our Latest Research Report on GigInternational1

GigInternational1 Company Profile

(Free Report)

GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.