Company: GIGGU
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034611
Chunk: 180

Company: GigCapital7 Corp.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 180
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        Description:
         
        Level
         
        December 31, 2024

        Assets:

        Cash and marketable securities held in Trust Account
         
        1
         
        $
        203,188,704

        Liabilities:

        Warrant liability
         
        2
         
        $
        241,735

       The fair value of the warrants was estimated using the following assumptions: 

        UponIssuance

        As ofSeptember 11, 2024

        Stock Price
         
        $
        9.08

        $
        9.18

        Volatility

        9.0
        %

        8.0
        %

        Risk free interest rate

        3.78
        %

        3.52
        %

        Exercise price
         
        $
        11.50

        $
        11.50

        Time to maturity - years

        6.75

        6.72

       The change in the fair value of the Level 3 warrant liability in the period from May 8, 2024 (date of inception) through September 11, 2024, is as follows: 

        Period fromMay 8, 2024(Inception) throughSeptember 11, 2024

        Fair value - beginning of period
         
        $
        —

        Additions

        58,060

        Change in fair value

        2,929,653

        Transfers out of level 3 to level 2

        (2,987,713
        )

        Fair value - end of period
         
        $
        —

       The marketable securities held in the Trust Account are considered trading securities as they are generally used with the objective of generating profits on short-term differences in price and therefore, any realized and unrealized gains and losses are recorded in the statement of operations and comprehensive income for the period presented.

88

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.

None.

Item 9A. Controls and Procedures.

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and