Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 322

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 322
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 is outstanding immediately prior to the Effective Time will be automatically assumed by Domesticated GigCapital7 and converted into an option to purchase a number of shares of Domesticated GigCapital7 Common Stock (such option, an “ Exchanged Option”), equal to the product (rounded down to the nearest whole number) of (x) the 157

number of shares of Hadron Common Stock subject to such Hadron Option immediately prior to the Effective Time and (y) the Exchange Ratio, at an exercise price per share (rounded up to the nearest whole cent) equal to the quotient of (A) the exercise price per share of such Hadron Option immediately prior to the Effective Time divided by (B) the Exchange Ratio; provided, that the assumption and adjustment of the unvested Hadron Options shall be completed in a manner that satisfies the requirements of Code Section 409A and, with respect to any Hadron Option intended to be an “incentive stock option,” Code Section 4249a and the applicable regulations promulgated thereunder.

SAFEs Held by Executive Officers

Hadron Energy has entered into Simple Agreements for Future Equity (“SAFEs”) with certain of its executive officers. Pursuant the terms of the SAFEs, upon a qualified future equity financing involving preferred shares, the SAFEs will settle into a number of preferred shares equal to the greater of (i) the number of shares of standard preferred stock (“Standard Preferred Stock”) equal to the purchase price divided by the lowest price per share of the Standard Preferred Stock, or (ii) the number of shares of SAFE preferred stock (“SAFE Preferred Stock”) divided by a discounted price to the price investors pay to purchase the standard preferred shares in the financing (with such discounted price calculated by reference to a valuation cap).

Upon the occurrence of a change of control, a direct listing or an initial public offering (described as a “liquidity event”) (other than a qualified financing), the investors have the option to receive either (i) cash payment equal to the invested amount under such SAFE, or (ii) a number of shares of common stock equal to the invested amount divided by the liquidity price set forth in the applicable SAFE agreement. If a dissolution event occurs prior to the termination of the SAFEs, the investors would be entitled to receive a portion of the related proceeds equal to the purchase amount (or the amount received for the SAFE).

Prior to the Effective Time, the Company shall cause each outstanding SAFE to be amended, in a form reasonably acceptable to GigCapital7 (