GigCapital8 Shares Stay Flat at $10 as Deadline Nears
GigCapital8 Corp. ended at $10.05 on Nasdaq, up a penny, with 110 shares changing hands. The stock mostly hugged a $10.03 to $10.05 range, according to market data. GigCapital8’s shares barely budged, but that still matters for the SPAC. The ticker, like other special purpose acquisition companies, is a listed shell meant to buy or merge with a private company. For SPACs before a deal, the stock usually tracks how much cash is in trust instead of actual revenue, since it hasn’t turned into an operating business yet.