Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 640

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 640
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 June 30, 2025, total unrecognized compensation cost related to RSPAs was $2,207,961, which is expected to be recognized over a weighted average period of 4.9 years. The weighted average grant date fair values per share of RSPAs granted during the period from January 1, 2025 to June 30, 2025 was $78.34 per share. The weighted average grant date fair values of RSPAs that vested during the period from January 1, 2025 to June 30, 2025 was $29.04 per share. Stock Options No stock options were granted during the six months ended June 30, 2025. 8. INCOME TAXES The effective tax rate for the six months ended June 30, 2025, was 0.0%, which reflects the US federal statutory rate of 21% on pre-taxloss offset by a full valuation allowance against its net deferred tax assets where it is more likely than not that the deferred tax assets will not be realized. ASC 740-10, Accounting for Uncertainty in Income Taxes, prescribes a comprehensive model for the recognition, measurement, presentation, and disclosure in the financial statements for any uncertain tax positions that have been taken or expected to be taken on a tax return. As of June 30, 2025, the Company had no unrecognized tax benefits. The amount of unrecognized tax benefits is not expected to significantly change over the next twelve months. No amounts, outside of valuation allowance, would impact the effective tax rate on continuing operations. On July 4, 2025, the One Big Beautiful Bill (“OBBB”) was signed into law, making permanent several provisions of the Tax Cuts and Jobs Act of 2017 and introducing additional reforms to U.S. tax law. Although enacted after the close of fiscal year 2024, certain provisions of the OBBB were retroactively effective or materially influenced tax planning and accounting estimates during the year. Management has evaluated the retroactive and prospective effects of the OBBB and concluded that the bill did not result in a material change to the Company’s effective tax rate for 2025 and 2024. However, the legislation is expected to influence future tax planning, entity structuring, and investment decisions. All tax returns will remain open for examination by the federal and state taxing authorities for three and four years, respectively, from the date of utilization of any net operating loss carryforwards. 9.