Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 378

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 378
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 on the date of the Domestication must include in income as a deemed dividend deemed paid by GigCapital7 the “all earnings and profits amount” attributable to the GigCapital7 Class A Ordinary Shares it directly owns within the meaning of Treasury Regulations under Section 367 of the Code. A U.S. Holder’s ownership of Public Warrants will be taken into account in determining whether such U.S. Holder is a 10% U.S. Shareholder. Complex attribution rules apply in determining whether a U.S. Holder is a 10% U.S. Shareholder and all U.S. Holders are urged to consult their tax advisors with respect to these attribution rules. 201

A 10% U.S. Shareholder’s “all earnings and profits amount” with respect to its GigCapital7 Class A Ordinary Shares is the net positive earnings and profits of GigCapital7 (as determined under Treasury Regulations under Section 367 of the Code) attributable to such GigCapital7 Class A Ordinary Shares (as determined under Treasury Regulations under Section 367 of the Code) but without regard to any gain that would be realized on a sale or exchange of such GigCapital7 Class A Ordinary Shares. Treasury Regulations under Section 367 of the Code provide that the “all earnings and profits amount” attributable to a shareholder’s stock generally is determined according to the principles of Section 1248 of the Code. In general, Section 1248 of the Code and the Treasury Regulations thereunder provide that the amount of earnings and profits attributable to a block of stock (as defined in Treasury Regulations under Section 1248 of the Code) in a foreign corporation is the ratably allocated portion of the foreign corporation’s earnings and profits generated during the period the shareholder held the block of stock. GigCapital7 does not expect to have significant, if any, current and accumulated net earnings and profits on the date of the Domestication. If GigCapital7’s current and accumulated net earnings and profits through the date of the Domestication is less than or equal to zero, then a 10% U.S. Shareholder should not be required to include in gross income an “all earnings and profits amount” with respect to its GigCapital7 Class A Ordinary Shares. However, the determination of earnings and profits is complex and may be impacted by numerous factors. It is possible that the amount of GigCapital7’s earnings and profits could be positive through the date of the Domestication, in which case a 10% U.S. Shareholder would be required to include its “