Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 525

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 525
---
 |
| Provision for income taxes                                  |     |   |        — |   |
| Net loss                                                    |     | $ | (593,556 | ) |

General and administrative G&A expenses were $194,100 for the period from July 8, 2024 (inception) to December 31, 2024. The G&A expenses relate to contract labor costs, legal fees, advertising and marketing, travel and entertainment business expenses, and allocation of facility and overhead costs. Stock-based compensation Stock-based compensation expense was $2,755 for the period from July 8, 2024 (inception) to December 31, 2024. Stock-based compensation expense is related to the vesting of restricted shares. Change in fair value of Simple Agreements for Future Equity Change in fair value of Simple Agreements for Future Equity was $396,404 for the period from July 8, 2024 (inception) to December 31, 2024, which represented the remeasurement of fair of the SAFEs. Provision for income taxes Provision for income taxes was $0 for the period from July 8, 2024 (inception) to December 31, 2024 primarily due to changes in deferred tax balances partially offset by valuation allowances. Liquidity and Capital Resources Funding Requirements and Going Concern We have incurred operating losses since our inception, including net losses of $6,982,713 for six months ended June 30, 2025 and $593,556 for the period of July 8, 2024 (inception) to December 31, 2024. At June 30, 2025, the Company had cash of $590,320 and accumulated deficit of $7,576,269; and for the six months ended June 30, 2025, negative cash flows from operations of $644,133. Since inception, the Company has incurred and expects to continue to incur net losses and negative operating cash flow. We are still in our early stages of 302

development and expect to continue to incur significant expenses, operating losses, and negative operating cash flows for the foreseeable future due to increase in expenses from historical levels because of additional costs and expenses related to the development of technology and factory and the development of market and strategic relationships with other businesses.

Until such time as we can generate substantial revenue, if ever, we expect to finance our cash needs through a combination of equity and debt financings, or other capital sources, including with related parties.