Shares of Gigcapital8 Corp. (NASDAQ:GIWWR – Get Free Report) were up 6.3% during trading on Thursday . The company traded as high as $0.34 and last traded at $0.34. Approximately 13,429 shares changed hands during trading, a decline of 70% from the average daily volume of 44,196 shares. The stock had previously closed at $0.32.
Gigcapital8 Trading Up 6.3%
The business has a 50-day simple moving average of $0.30.
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.
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