Gigcapital8 Corp. (NASDAQ:GIWWR – Get Free Report)’s stock price was down 3.1% during trading on Thursday . The stock traded as low as $0.30 and last traded at $0.31. Approximately 174,422 shares were traded during mid-day trading, an increase of 350% from the average daily volume of 38,798 shares. The stock had previously closed at $0.32.
Gigcapital8 Stock Performance
The company has a 50-day moving average of $0.31.
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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