Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 437

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 437
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 and its industry which have been made available to us. As described herein, GigCapital7’s management devoted significant energy to structuring and negotiating the terms of the business combination transaction with Hadron Energy.

The aggregate time required to select and evaluate a target business and to structure and complete the initial business combination, and the costs associated with this process, are not currently ascertainable with any degree of certainty. Any costs incurred with respect to the identification and evaluation of, and negotiation with, a prospective target business with which GigCapital7’s initial business combination is not ultimately completed will result in GigCapital7’s incurring losses and will reduce the funds available for us to use to complete another business combination.

### Initial Business Combination
Nasdaq rules require that GigCapital7 must complete one or more business combinations having an aggregate fair market value of at least 80% of the value of the assets held in the trust account (excluding the underwriting commissions and taxes payable on the interest earned on the trust account). If the GigCapital7 Board is not able to independently determine the fair market value of the initial business combination, GigCapital7 will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect to the satisfaction of such criteria. While GigCapital7 considers it likely that the GigCapital7 Board will be able to make an independent determination of the fair market value of its initial business combination, the Board may be unable to do so if it is less familiar or experienced with the business of a particular target or if there is a significant amount of uncertainty as to the value of the target’s assets or prospects. The GigCapital7 Board determined that this test was met in connection with the Business Combination. Additionally, pursuant to Nasdaq rules, any initial business combination must be approved by a majority of its directors. The Business Combination was approved by a majority of GigCapital7 independent directors. GigCapital7 structured the Business Combination so that the post-transaction company in which the GigCapital7 public shareholders own shares will own or acquire 100% of the equity interests or assets of the target business or businesses. GigCapital7 may, however, structure its initial business combination such that the post transaction company owns or acquires less than 100% of such interests or assets of the target business in order to meet certain objectives of the target management team or shareholders or for other reasons, but GigCapital7 will only complete such business combination if the post transaction company owns or acquires 50% or more of the outstanding voting securities of