Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 377

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 377
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 the Domestication will equal the U.S. Holder’s tax basis in the GigCapital7 Class A Ordinary Share or Public Warrant surrendered in exchange therefor, increased by any amount included in the income of such U.S. Holder as a result of Section 367 of the Code (as discussed below) and (b) the holding period for a share of Domesticated GigCapital7 Common Stock or a Domesticated GigCapital7 Warrant received by a U.S. Holder will include such U.S. Holder’s holding period for the GigCapital7 Class A Ordinary Share or Public Warrant surrendered in exchange therefor. If the Domestication fails to qualify as an F Reorganization, the U.S. Holder’s basis in the Domesticated GigCapital7 Common Stock and Domesticated GigCapital7 Warrants would be equal to the fair market value of such Domesticated GigCapital7 Common Stock and Domesticated GigCapital7 Warrants on the date of the Domestication, and such U.S. Holder’s holding period for such Domesticated GigCapital7 Common Stock and Domesticated GigCapital7 Warrants would begin on the day following the date of the Domestication. Holders who hold different blocks of GigCapital7 Securities (generally, GigCapital7 Securities purchased or acquired on different dates or at different prices) should consult their tax advisors to determine how the above rules apply to them, and the discussion above does not specifically address all of the consequences to U.S. Holders who hold different blocks of GigCapital7 Securities.

| 3. | Effects of Section 367 to U.S. Holders of GigCapital7 Class A Ordinary Shares |

Section 367 of the Code applies to certain transactions involving foreign corporations, including a domestication of a foreign corporation in a transaction that qualifies as an F Reorganization. Subject to the discussion below under the section entitled “ —5. PFIC Considerations”, Section 367 of the Code imposes U.S. federal income tax on certain U.S. persons in connection with transactions that would otherwise be tax-deferred.The following discussion assumes the Domestication will qualify as an F Reorganization, and as such, Section 367(b) of the Code will generally apply to U.S. Holders on the date of the Domestication.

| a. | U.S. Holders Who Own 10 Percent or More (By Vote or Value) of GigCapital7 Shares |

Subject to the discussion below under the section entitled “ —5. PFIC Considerations”, a 10% U.S. Shareholder