Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 317

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 317
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 GigCapital7 Board unanimously determined that the Business Combination Agreement, the related agreements to which GigCapital7 is a party and the Transactions are fair to, and in the best interests of, GigCapital7 and its stockholders, and authorized GigCapital7’s management to execute the definitive Business Combination Agreement. Satisfaction of the 80% Test It is a requirement under the Cayman Constitutional Documents and Nasdaq listing requirements that the target business acquired in GigCapital7’s initial business combination have a fair market value equal to at least 80% of the balance of the funds in the Trust Account (excluding any taxes payable on the interest earned on the Trust Account) at the time of the execution of a definitive agreement for GigCapital7’s initial business combination. As of September 27, 2025, the date of the execution of the Business Combination Agreement, the balance of funds held in the Trust Account was at least $200 million, and 80% of that amount was therefore approximately $160 million. The GigCapital7 Board considered all of the factors described above and the fact that the aggregate 154

consideration for GigCapital7 was the result of arm’s length negotiations with Hadron Energy. As a result, the GigCapital7 Board concluded that the fair market value of the business acquired was in excess of 80% of the assets held in the Trust Account (excluding any taxes payable on the interest earned on the Trust Account). In light of the financial background and experience of the members of GigCapital7’s management team and the GigCapital7 Board, the GigCapital7 Board believes that the members of the management team and the GigCapital7 Board are qualified to determine whether the Business Combination meets the 80% test. Reasons for the Name Change Effective immediately following the consummation of the Business Combination, GigCapital7 will be renamed “Hadron Energy, Inc.” The GigCapital7 Board believes that it would be in the best interests of GigCapital7 to, effective immediately following the consummation of the Business Combination, change its corporate name to “Hadron Energy, Inc.” in order to more accurately reflect the business purpose and activities of Domesticated GigCapital7. The Hadron Board’s Reasons for the Approval of the Business Combination In reaching its decision to approve the Business Combination and resolving to recommend that Hadron Stockholders approve the Business Combination, the Hadron Board consulted with Hadron Energy’s management, as well as its legal counsel and other advisors. The Hadron Board considered a variety of factors in connection with its evaluation