Commonwealth of Pennsylvania Public School Empls Retrmt SYS Makes New $3 Million Investment in Gigcapital7 Corp. (NASDAQ:GIG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Gigcapital7 Corp. (NASDAQ:GIG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 300,000 shares of the company’s stock, valued at approximately $3,000,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new stake in shares of Gigcapital7 during the fourth quarter valued at $3,027,000. Picton Mahoney Asset Management purchased a new stake in Gigcapital7 in the 4th quarter valued at about $7,175,000. Finally, Periscope Capital Inc. bought a new position in Gigcapital7 in the 4th quarter worth about $2,000,000.

Gigcapital7 Stock Performance

Shares of NASDAQ:GIG opened at $10.13 on Tuesday. The stock’s 50 day moving average is $10.09. Gigcapital7 Corp. has a one year low of $9.89 and a one year high of $10.13.

Gigcapital7 Company 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.