Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 630

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 630
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 continue as a going concern. Since inception, the Company has incurred and expects to continue to incur net losses and negative operating cash flow. Management expects that future operating losses and negative operating cash flows may increase from historical levels because of additional costs and expenses related to the development of technology and the development of market and strategic relationships with other businesses. The Company’s continued existence is dependent upon its ability to obtain additional sources of funding to support through debt and equity transactions its ongoing operations. There is no assurance that the Company will be able to secure funding under favorable terms. Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern.

On September 27, 2025, GigCapital7 Corp., a Cayman Islands exempted company (“GigCapital7”), entered into a Business Combination Agreement (the “Business Combination Agreement”), dated as of September 27, 2025, by and among GigCapital7, MMR Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of GigCapital7 (“Merger Sub”), and the Company, Merger Sub will merge with and into the Company (the “Merger”), with the Company continuing as the surviving company. The business combination will be accounted for as a reverse recapitalization.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with U.S. Generally Accepted Accounted Principles (“GAAP”) for interim financial reporting and the rules and regulations of the Securities and Exchange Commission (“SEC”). References to ASC and ASU included herein refer to the Accounting Standards Codification and Accounting Standards Update established by the Financial Accounting Standards Board (“FASB”) as the source of authoritative U.S. GAAP.

In management’s opinion, the unaudited interim condensed financial statements have been prepared on the same basis as the 2024 audited financial statements. They include all adjustments, consisting of only normal recurring**

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adjustments, necessary for the fair statement of the Company’s financial position as of June 30, 2025, and its results of operations and cash flows for the six months ended June 30, 2025. The results for the six months ended June 30, 2025 are not necessarily indicative of the results expected for the year or any other periods. The condensed balance sheet as of December 31, 2024 has been derived from the Company’s audited financial statements.