Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 565

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 565
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 to the success of Hadron Energy. 329

Long-Term Equity Incentive Awards

To focus Hadron Energy’s named executive officers on the long-term performance of the Company, Hadron Energy has historically granted equity compensation in the form of stock options for Hadron Energy’s Common Stock that are subject to time-based vesting requirements. As of December 31, 2024, Hadron Energy has not granted equity compensation in the form of equity incentive awards to any of its named executive officers.

Equity Incentive Plan

The principal features of Hadron Energy’s existing equity incentive plan are summarized below.

2024 Equity Incentive Plan

On October 30, 2024, the Board of Directors approved and the Company adopted the Hadron Energy, Inc. 2024 Equity Incentive Plan (the “2024 Hadron EIP”). The maximum aggregate number of shares of Hadron Common Stock that the Company may award under the 2024 Hadron EIP is 100,000. The term of the 2024 Hadron EIP is 10 years. The 2024 Hadron EIP is administered by the board or any committee appointed to administer the Plan (the “Administrator”). The Company may grant awards to eligible participants which may take the form of stock options (both incentive stock options and non-qualified stock options), stock purchase rights, restricted stock, restricted stock units and performance stock awards. Awards may be granted to employees, directors, and consultants (as defined in the Plan.) The term of any stock option award may not exceed 10 years and may be subject to vesting conditions, as determined by the Administrator. Incentive stock options may only be granted to employees of the Company or any subsidiary that is a “subsidiary corporation” within the meaning of Section 424(f) of the Internal Revenue Code. The exercise price of any stock option award cannot be less than fair market value of Hadron Energy Common Stock, provided, however, that an incentive stock option granted to an employee who owns more than 10% of the total combined voting power of all classes of stock of the Company or any parent or subsidiary, must have an exercise price of no less than 110% of the fair market value of Hadron Energy Common Stock and a term that does not exceed five years.

[Prior to the Closing Hadron Energy intends to amend and restate the 2024 Hadron EIP with the [Amended and Restated 2024 Equity Incentive Plan