Company: GIGGU
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034611
Chunk: 163

Company: GigCapital7 Corp.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 163
---

    —

    —

    Issuance of Class B ordinary shares in private   placement

    2,826,087

    282

    3,249,718

    —

    3,250,000

    Fair value of public warrants at issuance

    —

    —

    18,460,769

    —

    18,460,769

    Allocated value of issuance costs to public    warrants

    —

    —

    (111,538
    )

    —

    (111,538
    )

    Accretion of Class A ordinary shares to    redemption value

    —

    —

    (22,757,853
    )

    —

    (22,757,853
    )

    Reclass of negative additional paid-in capital to retained earnings

    1,056,955

    (1,056,955
    )

    —

    Net income

    —

    —

    —

    2,378,292

    2,378,292

    Balance as of December 31, 2024

    13,333,333

    $
    1,333

    $
    —

    $
    1,321,337

    $
    1,322,670

The accompanying notes are an integral part of these financial statements.

77

GIGCAPITAL7 CORP.

Statement of Cash Flows

    Period fromMay 8, 2024(Inception) throughDecember 31, 2024

    OPERATING ACTIVITIES

    Net income
     
    $
    2,378,292

    Adjustments to reconcile net income to net cash used in operating activities:

    Change in fair value of warrant liability

    183,675

    Interest and dividends earned on cash and marketable securities held in Trust Account

    (3,188,704
    )

    Changes in operating assets and liabilities:

    Prepaid expenses and other current assets

    (207,680
    )

    Payable to related party

    34,048

    Accounts payable

    25,439

    Accrued liabilities

    39,000

    Other assets

    (85,984
    )

    Net cash used in operating activities

    (821,914
    )

    INVESTING ACTIVITIES

    Investment of cash in Trust Account

    (200,000,000