Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 308

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 308
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 was introduced to GigCapital7 by an investment banker at Cohen & Company Capital Markets, a Division of Cohen & Company Securities, LLC (“Cohen”).

On August 11, 2025, GigCapital7 and Hadron Energy executed a mutual non-disclosure agreement. This nondisclosure agreement did not contain any standstill or “don’t ask, don’t waive” provisions.

On August 12, 2025, the GigCapital7 management team spent lengthy time analyzing Hadron Energy and the potential opportunity to complete a business combination, and determined to meet with Hadron Energy’s management to obtain a more detailed understanding of the company.

On August 13, 2025, the management teams of Hadron Energy and of GigCapital7 convened over a conference call for a lengthy meeting and developed a mutual interest in engaging under an exclusive arrangement in further and deeper exploration of the potential merger.

On August 14, 2025, the GigCapital7 management team and consultants entered the virtual data room and started the due diligence process.

On August 22, 2025, Hadron Energy and GigCapital7 management conducted a lengthy meeting to review details of the preliminary due diligence findings and discussed initial potential parameters for a business combination. On that same day, GigCapital7 also communicated with Cohen regarding valuation expectations of Hadron Energy and what might be a supportable valuation.

On August 23, 2025, GigCapital7 presented an exclusive LOI to Hadron Energy, valuing Hadron Energy at $1 billion based on the information provided and discussed the prior day, which Hadron Energy’s management reviewed and accepted. The LOI was signed by both parties on the same day. The LOI also provided for lock-ups, registration rights, board governance and establishment of an equity incentive plan with an award pool equal to 10% of the closing capitalization and an annual evergreen provision.

Between August 24, 2025 and September 26, 2025 GigCapital7 continued its detailed due diligence including work by independent consultants engaged by GigCapital7 to conduct technical and business due diligence and its legal counsel. Although a broad-based due diligence inquiry, GigCapital7’s due diligence inquiry focused in particular on the proprietary nature of Hadron Energy’s technology and business plan and whether this would provide it with advantages vis-a-vis its competitors, the state of development of Hadron Energy’s product offering, and the perceived viability of Hadron Energy’s business plan.

Starting on August 27, 2025, the parties