Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 488

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 488
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 proceeds of $198,680,082 from the sale of the public units in the Offering, after deducting net offering expenses of approximately $1,319,918, which includes an underwriting discount of $600,000, (3) the sale of the Founder Shares to a consultant for a purchase price of $3,000, (4) the sale of Private Placement Warrants to our Sponsor for a purchase price of $58,060, and (5) the sale of the private placement shares to non-managing investors for a purchase price of $3,250,000. These transactions resulted in proceeds of $202,091,142 of which $200,000,000 are held in the Trust Account.

As of December 31, 2024, GigCapital7 had cash of $1,344,228 held outside the Trust Account. As of June 30, 2025, GigCapital7 held cash and marketable securities in the amount of $207,423,035 in the Trust Account. The marketable securities consisted of money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940 which invest only in direct U.S. government obligations.

For the six months ended June 30, 2025, cash used in operating activities was $733,528, resulting from interest earned on marketable securities held in the Trust Account of $4,234,331, decreases in accounts payable of $2,439, related party payable of $7,597 and accrued liabilities of $34,500. These are partially offset by net income of $3,162,300, a decrease in prepaids expenses and other current assets of $2,436, other assets of $64,488 and an increase in the fair value of the warrant liability of $316,115.

For the period from May 8, 2024 (date of inception) through June 30, 2024, cash provided by operating activities was $1, resulting from increases in accounts payable of $59,417 and related party payable of $4,985 offset by a net loss of $64,401.

For the period from May 8, 2024 (date of inception) to December 31, 2024, cash used in operating activities was $821,914, consisting of net income of $2,378,292 and an increase in liabilities of $59,487, due to increase in accounts payable, including payable to related parties, and