Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 252

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 252
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 Public Shares not held by affiliates, to be voted in favor of the Business Combination in order to approve the Business Combination Proposal (assuming all outstanding shares are voted). The Business Combination was not structured to require the approval of at least a majority of GigCapital7’s unaffiliated shareholders because such a vote is not required under Cayman Islands law.

The Business Combination Proposal is conditioned on the approval of the other Condition Precedent Proposals. Therefore, if the other Condition Precedent Proposals are not approved, the Business Combination Proposal will have no effect, even if approved by holders of GigCapital7 Ordinary Shares.

The approval of the Domestication Proposal requires a special resolution under the Companies Act, being the affirmative vote of holders of at least 66⁄% of the GigCapital7 Class B Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting. The holders of GigCapital7 Class A Ordinary Shares will have no right to vote on the Domestication Proposal, in accordance with Article 44.2 of the Cayman Constitutional Documents. In connection with GigCapital7’s IPO, GigCapital7 entered into agreements with its officers and directors, and the Sponsor, pursuant to which each agreed to vote their GigCapital7 Ordinary Shares in favor of Proposal 1 (The Business Combination Proposal), along with any proposals recommended by the GigCapital7 Board in connection with the Business Combination, such as the Domestication Proposal and the other proposals listed in this proxy statement/prospectus. Such officers and directors and the Sponsor, who combined currently own 75.80% of the outstanding GigCapital7 Class B Ordinary Shares, have agreed to vote their GigCapital7 Class B Ordinary Shares, as well as any GigCapital7 Ordinary Shares they may purchase prior to the Extraordinary Meeting, in favor of the proposals. As a result, GigCapital7 would not require any additional votes in favor of such proposals in order to have the Domestication Proposal approved.

The approval of each of the Stock Issuance Proposals requires an ordinary resolution, being the affirmative vote of holders of a majority of the GigCapital7 Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting. As of the Record Date, the Sponsor owned approximately 30.32% of the issued and outstanding GigCapital7 Ordinary Shares. As a result, GigCapital7 would need only 6,559,422, or