Company: GIGGU
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034611
Chunk: 60

Company: GigCapital7 Corp.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1A
Chunk 60
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 This lack of diversification may negatively impact our operations and profitability. 

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    Our initial shareholders will control a substantial interest in us and thus may influence certain actions requiring a shareholder vote. 

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    Redeeming shareholders may be unable to sell their securities when they wish to in the event that the proposed business combination is not approved. 

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    We are likely to be treated as a passive foreign investment company (“PFIC”), which could result in adverse U.S. federal income tax consequences to U.S. investors. 

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    If we are unable to consummate our initial business combination within 21 months from the closing of the Offering, our public shareholders may be forced to wait beyond such period before redemption from our trust account. 

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    If our initial business combination involves a company organized under the laws of the United States (or any subdivision thereof), a U.S. federal excise tax could be imposed on us in connection with any redemptions of our public shares after or in connection with such initial business combination. 

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    An investment in our securities, and certain subsequent transactions with respect to our securities, may result in uncertain or adverse U.S. federal income tax consequences for an investor. 

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    Transactions in connection with or in anticipation of our initial business combination and our structure thereafter may not be tax-efficient to our shareholders and warrant holders. As a result of our initial business combination, our tax obligations may be more complex, burdensome and uncertain. 

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    The other risks and uncertainties discussed in “Risk Factors” and elsewhere in this Annual Report. 

Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination 

Our public shareholders may not be afforded an opportunity to vote on our proposed business combination, and even if we hold a vote, holders of our founder shares and private placement shares will participate in such vote, which means we may consummate our initial business combination even though a majority of our public shareholders do not support such a combination. 

We may choose not hold a shareholder vote to approve our initial business combination unless the business combination would require shareholder approval under applicable law or stock exchange rules or if we decide to hold a shareholder vote for business or other reasons. For instance, the Nasdaq rules currently allow us to engage in a tender offer in lieu of a shareholder meeting, but would still require us to obtain shareholder approval if we were seeking to