Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 89

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 89
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 Stock received by the Hadron Stockholders as Per Share Merger

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Consideration, and (b) the shares of Domesticated GigCapital7 Common Stock underlying all other securities of GigCapital7 held by the Hadron Stockholders immediately following the Closing that are convertible into, or exercisable or exchangeable for, Domesticated GigCapital7 Common Stock will be locked up and may not be transferred by the Hadron Stockholder thereof, subject to certain customary transfer exceptions, until the expiration of the Lock-Up Period.

The foregoing description of the Lock-Up Agreements and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by the terms and conditions of the Lock-Up Agreements, the form of which is attached hereto as Exhibit D to the Business Combination Agreement, filed as Exhibit 2.1 to the registration statement of which this proxy statement/prospectus forms a part, and incorporated by reference herein.

Letter Agreement

On August 28, 2024, GigCapital7, its directors and officers, the Sponsor and the underwriters of GigCapital7’s IPO entered into the Letter Agreement, which contains provisions relating to transfer restrictions of the Founder Shares and Private Placement Warrants, indemnification of the Trust Account, voting obligations, waiver of redemption rights and participation in liquidation distributions from the Trust Account.

Under this Letter Agreement, the Class B Ordinary Shares and Private Placement Warrants and any Class A Ordinary Shares issued upon conversion or exercise thereof are each subject to transfer restrictions pursuant to lock-up provisions in the agreements entered into by the Sponsor and management team. Those lock-up provisions provide that such securities are not transferable or saleable (i) in the case of any Founder Shares or any other Ordinary Shares of GigCapital7 (which are not Offering Shares), as defined in the Letter Agreement, until the earlier of (A) six months after the completion of a Business Combination or (B) 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