Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 424

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 424
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 assets recorded. Operations prior to the business combination are the historical operations of Hadron Energy. 234

Under both the no redemption and maximum redemption scenarios, the proposed Business Combination will be accounted for as a reverse recapitalization, with no goodwill or other intangible assets recorded, in accordance with GAAP. Hadron Energy has been determined to be the accounting acquirer based on evaluation of the following facts and circumstances: (i) Hadron Energy’s stockholders will have majority of the combined company voting rights under both the no redemption and maximum redemption scenarios; (ii) the proposed Business Combination will be effectuated through an exchange of equity interests rather than cash; (iii) Hadron Energy and GigCapital7 will each appoint three directors and co-nominate one independent director of the seven total directors of the initial combined company Board; (iv) Hadron Energy’s existing senior management will comprise the senior management of the combined company; (v) Hadron Energy will comprise the ongoing operations of the combined company; (vi) the combined company will assume Hadron Energy’s name, (vii) the ongoing operations of Hadron Energy will become the operations of the combined company and (viii) Hadron Energy’s headquarters will become the combined company’s headquarters. Accounting Policies Upon consummation of the Business Combination, management of the Post-Combination Company will perform a comprehensive review of the two entities’ accounting policies. As a result of the review, management of the Post-Combination Company may identify differences between the accounting policies of the two entities which, when conformed, could have a material impact on the financial statements of the Post-Combination Company. Based on its initial analysis, management of the Post-Combination Company did not identify any differences that would have a material impact on the unaudited pro forma condensed combined financial information. As a result, the unaudited pro forma condensed combined financial information does not assume any differences in accounting policies. 3. Basis of Pro Forma Presentation The historical financial information has been adjusted to give pro forma effect to events that are related and/or directly attributable to the business combination, are factually supportable and, with respect to the pro forma statements of operations, are expected to have a continuing impact on the results of the post-combination company. The unaudited pro forma condensed combined financial information is for illustrative purposes only. The financial results may have been different had the companies always been combined. The unaudited pro forma condensed combined financial information should not be relied upon