Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 599

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 599
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”) Topic 5A – “Expenses of Offering.” Offering costs in the amount of $ 1,319,918 consist principally of professional and registration fees incurred through the balance sheet date that are related to the Offering. Offering costs were allocated to the separable financial instruments issued in the Offering based on a relative fair value basis, compared to total proceeds received. Offering costs allocated to the public shares were charged to temporary equity and offering costs allocated to the public warrants were charged to shareholders’ equity upon the completion of the Offering.

**Ordinary Shares Subject to Possible Redemption**

Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, as of June 30, 2025 and December 31, 2024, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ equity section of the Company’s condensed balance sheets. Immediately upon the closing of the Offering, the Company recognized the accretion from initial book value to redemption amount value. The change in the carrying value of redeemable ordinary shares resulted in charges against additional paid-in capital. As of June 30, 2025 and December 31, 2024, 20,000,000 Class A ordinary shares were issued and outstanding and subject to possible redemption.

As of June 30, 2025 and December 31, 2024, the Class A ordinary shares subject to possible redemption reflected on the condensed balance sheets are reconciled in the following table:

| Gross proceeds                                                                      |     | $ | 200,000,000 |   |
| Less:                                                                               |     |   |             |   |
| Fair value of public warrants at issuance                                           |     |   | (18,460,769 | ) |
| Ordinary share issuance costs                                                       |     |   |  (1,208,380 | ) |
| Plus:                                                                               |     |   |             |   |
| Accretion of carrying value to redemption value                                     |     |   |  22,757,853 |   |
| Class A ordinary shares subject to possible redemption, December 31, 202