GigCapital3, Inc. (NYSE:GIK) dropped 5.6% during trading on Thursday . The stock traded as low as $13.75 and last traded at $14.07. Approximately 6,241,039 shares were traded during mid-day trading, an increase of 733% from the average daily volume of 749,554 shares. The stock had previously closed at $14.90.
In other news, major shareholder Glazer Capital, Llc sold 750,000 shares of the company’s stock in a transaction on Thursday, December 10th. The shares were sold at an average price of $14.50, for a total transaction of $10,875,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
About GigCapital3 (NYSE:GIK)
GigCapital3, Inc intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or related business combination with one or more businesses. It focuses on the technology, media, and telecommunications industries. The company was founded in 2020 and is based in Palo Alto, California.
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