Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 76

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 76
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. Following the forfeiture of 2,000,000 Founder Shares upon the underwriters’ decision not to exercise the over-allotment option in full on October 25, 2024 and a series of surrenders and dispositions by the Sponsor, the Sponsor currently holds 10,107,246 founder shares, at an average price of $0.00989389 per share. |

In connection with the closing of the IPO, the Sponsor purchased 3,719,000 Private Placement Warrants at a price of $0.01561 per warrant, for an aggregate purchase price of $58,060. The Sponsor is controlled by Dr. Avi Katz, GigCapital7’s Chairman and Chief Executive Officer, and Dr. Raluca Dinu, a member of the board of directors of GigCapital7, who share control over the voting and disposition of the Founder Shares and the Private Placement Warrants held by the Sponsor. Drs. Katz and Dinu have an economic interest in (i) 100% of the Founder Shares held by the Sponsor, and (ii) 100% of the Private Placement Warrants held by the Sponsor. No other person has a direct or indirect material interest in the Sponsor. In October 2017, members of GigCapital7’s management team launched GigCapital, Inc. (“GIG1”), a blank check company formed for the purpose of acquiring a company in the technology, media, and telecommunications (TMT) industry. GIG1 completed its initial public offering in December 2017 and consummated a business combination with Kaleyra S.p.A. in November 2019. GIG1 was renamed Kaleyra, Inc. and listed on the NYSE American stock exchange under the symbol “KLR.” In November 2023, Kaleyra, Inc. was sold to Tata Communications at a transaction enterprise value of about $320 million in a cash deal and ceased to exist as a public company. xxxvi

In March 2019, members of GigCapital7’s management team launched GigCapital2, Inc. (“GIG2”), a blank check company formed for the purpose of acquiring a company in the TMT industry. GIG2 completed its initial public offering in June 2019 generating aggregate proceeds of $172.5 million. In June 2021, GIG2 consummated a business combination with each of UpHealth Holdings, Inc. and Cloudbreak Health, LLC, and the company changed its name to Up