Gigcapital8 Corp. (NASDAQ:GIWWR – Get Free Report) was up 2.5% during mid-day trading on Wednesday. The stock traded as high as $0.2710 and last traded at $0.2710. 100 shares changed hands during trading, a decline of 100% from the average session volume of 30,810 shares. The stock had previously closed at $0.2643.
Gigcapital8 Stock Down 3.3%
The firm’s fifty day simple moving average is $0.27 and its 200 day simple moving average is $0.29.
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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