Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 326

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 326
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 Sponsor will realize a gain on their respective investments from the completion of any business combination while Public Shareholders will realize a gain only if the post-closing trading price exceeds $10.00 per share.•Our Sponsor will lose its entire investment in us if we do not complete a business combination by May 28, 2026 (or if such date is extended at a duly called meeting of the GigCapital7 shareholders, such later date). If we do not consummate a business combination by such date, as promptly as reasonably possible but not more than ten (10) Business Days thereafter, we are required to redeem the Public Shares for a pro rata portion of the funds held in the Trust Account, subject to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. In such event, the warrants may be worthless. In such event, the 10,107,246 Founder Shares purchased by our Sponsor for approximately $100,000 would be worthless because following the redemption of the Public Shares, we would likely have few, if any, net assets and because the Sponsor has agreed to waive its rights to liquidating distributions from the Trust Account with respect to such shares if we fail to complete a business combination within the required period. Additionally, in such event, the 3,719,000 Private Placement Warrants that the Sponsor paid $58,060 to purchase will expire worthless.•GigCapital7’s Sponsor, officers and directors have agreed not to redeem any of the Founder Shares or GigCapital7 Ordinary Shares held by them in connection with a shareholder vote to approve the Business Combination.•The continuation of Dr. Katz, our Chairman and Chief Executive Officer, as a director of Domesticated GigCapital7 following the Closing. As such, in the future he may receive any cash fees, stock options or stock awards that the Domesticated GigCapital7 Board determines to pay to its directors.•Our existing officers and directors will be eligible for continued indemnification under the Proposed Bylaws and continued coverage under a directors’ and officers’ liability insurance policy for a period of six (6) years after the Business Combination.•In connection with the Closing, our Sponsor, officers and directors would be entitled to the repayment of any outstanding working capital loan and advances that have been made to GigCapital7. As of the date of this proxy statement/prospectus, approximately $0 was outstanding under such working capital loans.•All members of the Domesticated GigCapital7 Board and all executive officers of Domesticated GigCapital7 will be