Company: GIGGU
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034611
Chunk: 232

Company: GigCapital7 Corp.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 232
---
 liabilities

    114,000

    Total current liabilities

    173,487

    Warrant liability

    241,735

    Total liabilities

    415,222

    Commitments and contingencies (Note 3 and 4)

    Class A ordinary shares subject to possible redemption, par value of $0.0001 per share    200,000,000 shares authorized; 20,000,000 shares at a redemption value of $10.15 per share

    203,088,704

    Shareholders’ equity

    Preferred shares, par value of $0.0001 per share; 1,000,000 shares authorized; none issued    or outstanding

    —

    Class A ordinary shares, par value of $0.0001 per share; 200,000,000 shares authorized;    none issued or outstanding (excludes 20,000,000 shares subject to possible redemption)

    —

    Class B ordinary shares, par value of $0.0001 per share; 50,000,000 shares authorized;    13,333,333 shares issued and outstanding

    1,333

    Additional paid-in capital

    —

    Retained earnings

    1,321,337

    Total shareholders' equity

    1,322,670

    TOTAL LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS' EQUITY
     
    $
    204,826,596

The accompanying notes are an integral part of these financial statements.

75

GIGCAPITAL7 CORP.

Statement of Operations and Comprehensive Income

    Period fromMay 8, 2024(Inception) throughDecember 31, 2024

    Revenues
     
    $
    —

    General and administrative expenses

    628,761

    Loss from operations

    (628,761
    )

    Other income (expense)

    Change in fair value of warrants

    (183,675
    )

    Interest income

    2,024

    Interest and dividend income on marketable securities held in Trust Account

    3,188,704

    Income before provision for income taxes

    2,378,292

    Provision for income taxes

    —

    Net income and comprehensive income
     
    $
    2,378,