Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 555

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 555
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000, or $0.00588235 per share. Following the May 31, 2024 purchase, the Sponsor surrendered 300,000 Class B Ordinary Shares to GigCapital7 for no consideration, resulting in the Sponsor holding 16,700,000 Class B Ordinary Shares. On July 29, 2024 and August 28, 2024, the Sponsor surrendered to GigCapital7 for no consideration an additional 659,417 founder shares and 3,833,337 founder shares, respectively, resulting in the Sponsor holding 12,207,246 Class B ordinary shares. The Sponsor forfeited 2,000,000 Founder Shares upon the underwriters’ decision not to exercise the over-allotment option in full on October 25, 2024. On August 27, 2025, the Sponsor gifted 100,000 Class B Ordinary Shares to a non-affiliated charitable organization. As a result of these transactions, the date of this proxy statement/prospectus, the Sponsor holds 10,107,246 GigCapital7 Class B Ordinary Shares.

Pursuant to the Letter Agreement, the Sponsor and GigCapital7’s officers and directors have agreed not to transfer, assign or sell any of their founder shares and any Ordinary Shares issued upon conversion thereof until the earlier of (i) six months after the completion of a Business Combination or (ii) the date on which, subsequent to a Business Combination, (x) the last sale price of the Ordinary Shares equals or exceeds $11.50 per share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 Trading Days within any 30-Trading Day period commencing at least 90 days after a Business Combination, or (y) GigCapital7 completes a liquidation, merger, share exchange or other similar transaction that results in all of GigCapital7’s shareholders having the right to exchange their Ordinary Shares for cash, securities or other property, and (ii) with respect to the Private Placement Warrants or any securities underlying the Private Placement Warrants, until 30 days after the completion of a Business Combination (clauses (i) and (ii) collectively, the “Lock-up”). Notwithstanding the foregoing, during the Lock-up, transfers of Founder Shares or any other Ordinary Shares of the Company (which are not Offering Shares), the Private Placement Warrants and Ordinary Shares issued or issuable upon the exercise or conversion of the Private Placement Warrants or the Founder Shares, are