Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 189

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 189
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 the net proceeds of any other financing, investment, or cash funding received by the Purchaser prior to or at the Closing (other than the Trust Account and PIPE Investment) (“Closing SPAC Cash”).

This condition is for the sole benefit of Hadron Energy and can be waived only by Hadron Energy. If such condition is not met, and such condition is not or cannot be waived under the terms of the Business Combination**

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Agreement, then the Business Combination Agreement could be terminated, and the proposed Business Combination may not be consummated. If such conditions are waived and the Business Combination is consummated with less than the BCA Minimum Cash in the Trust Account, the cash held by Hadron Energy, after the Closing may not be sufficient to allow Hadron Energy to operate and pay Hadron Energy’s bills as they become due. There can be no assurance that Hadron Energy could and would waive the BCA Minimum Cash Condition. Furthermore, as provided in the Cayman Constitutional Documents, in no event will GigCapital7 redeem its public shares in an amount that would cause GigCapital7’s net tangible assets to be less than $5,000,001. If such conditions are not met, then the Business Combination Agreement could be terminated, and the proposed Business Combination would not be consummated. In the event that the BCA Minimum Cash Condition is not met or waived, then GigCapital7 may not complete the Business Combination with Hadron Energy and will have limited time to seek another acquisition target, which could adversely impact the value of GigCapital7’s Ordinary Shares. GigCapital7’s affiliates are not obligated to make loans to GigCapital7 in the future (other than the Sponsor’s commitment to provide GigCapital7 loans in order to finance transaction costs in connection with a business combination). The additional exercise of redemption rights with respect to a large number of GigCapital7’s public shareholders may make GigCapital7 unable to take such actions as may be desirable in order to optimize the capital structure of Hadron Energy after consummation of the Business Combination and GigCapital7 may not be able to raise additional financing from unaffiliated parties necessary to fund the combined company’s expenses and liabilities after the Closing. Any such event in the future may negatively impact the analysis regarding GigCapital7’s ability to continue as a going concern at such time. If GigCapital7 does not complete the Business Combination, GigCapital7 could be subject to various risks, including:

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