Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 401

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 401
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arrants |

A Non-U.S.Holder generally will not recognize taxable gain or loss on the acquisition of Domesticated GigCapital7 Common Stock upon exercise of Domesticated GigCapital7 Warrants for cash. The Non-U.S.Holder’s tax basis in the share of Domesticated GigCapital7 Common Stock received upon exercise of Domesticated GigCapital7 Warrants generally will be an amount equal to the sum of the Non-U.S.Holder’s tax basis in such Domesticated GigCapital7 Warrants and the exercise price. It is unclear whether the Non-U.S.Holder’s holding period for the Domesticated GigCapital7 Common Stock received upon exercise of the Domesticated GigCapital7 Warrants will begin on the date following the date of exercise or on the date of exercise of the Domesticated GigCapital7 Warrants; in either case, the holding period will not include the period during which the Non-U.S.Holder held the Domesticated GigCapital7 Warrants. If any Domesticated GigCapital7 Warrants are allowed to lapse unexercised, a Non-U.S.Holder generally will recognize a capital loss equal to such holder’s tax basis in such lapsed Domesticated GigCapital7 Warrants. Non-U.S.Holders should consult their tax advisors regarding the U.S. federal income tax consequences to them in respect of any such loss recognized. Consistent with the Public Warrants, the Domesticated GigCapital7 Warrants may be exercised on a cashless basis in certain circumstances. The U.S. federal income tax characterization of a cashless exercise of Domesticated GigCapital7 Warrants are not clear under current tax law. A cashless exercise may not be a taxable exchange, either because the exercise is not a realization event or because the exercise is treated as a recapitalization for U.S. federal income tax purposes. In either situation, a Non-U.S.Holder’s tax basis in the Domesticated GigCapital7 Common Stock received would equal the Non-U.S.Holder’s tax basis in the Domesticated GigCapital7 Warrants exercised therefor. If the cashless exercise were treated as not being a realization event, it is unclear whether a Non-U.S.Holder’s holding period in the Domesticated GigCapital7 Common Stock would be treated as commencing on the date following the date of exercise or on the date of exercise of the Domesticated GigCapital7 Warrants; in either case, the holding period would not include the Non-U.S.Holder’s holding period for the Domesticated GigCapital7 Warrants exercised there