Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 649

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 649
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 disclose in their rate reconciliation table additional categories of information about federal, state, and foreign income taxes and to provide more details about the reconciling items in some categories if the items meet a quantitative threshold. The ASU is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company plans to adopt ASU 2023-09 guidance in 2025. The Company is evaluating the effect that ASU 2023-09 will have on its condensed financial statements and related disclosures.

In November 2023, the FASB issued ASU, 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which is intended to improve reportable segment disclosure requirements, primarily through additional disclosures about significant segment expenses. The standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The amendments should be applied retrospectively to all prior periods presented in the financial statements. The Company adopted this ASU in 2024 and included additional disclosures in Note 2. The adoption of this standard did not have a significant impact on the Company’s financial statements.

In November 2024, the FASB issued ASU No. 2024-03,Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This ASU requires disclosure, in the notes to financial statements, of specific information about certain costs and expenses. The ASU is effective for annual periods beginning after December 15, 2026, and interim periods**

<div align='center'>F-55</div>

beginning after December 15, 2027, with early adoption allowed. The Company adopted this ASU in 2024 and the adoption of this standard did not have a significant impact on the Company’s financial statements. 3. ACCRUED LIABILITIES Accrued liabilities was as follows at December 31, 2024:

| Legal fees              |     | $ | 53,996 |
| Credit card obligations |     |   | 11,759 |
| Other                   |     |   |  5,000 |
|                         |     | $ | 70,725 |

4. PROPERTY AND EQUIPMENT, NET Property and equipment, net was as follows at December 31, 2024:

| Furniture                |