Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 408

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 408
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 each of GigCapital7 and Hadron Energy to complete the Merger, however, are not conditioned on the receipt of any such opinion. Such opinion of counsel will be based on customary assumptions and certain representations, warranties, and covenants of GigCapital7, Hadron Energy, and Merger Sub. If any of these assumptions, representations, warranties, or covenants is or becomes incorrect, incomplete, or inaccurate, or is violated, or if there is a change in U.S. federal income tax law after the date of such opinion of counsel, the validity of such opinion of counsel may be adversely affected and the U.S. federal income tax consequences of the Merger could differ materially from those described below. An opinion of counsel represents counsel’s legal judgment but is not binding on the IRS or any court. Neither GigCapital7 nor Hadron Energy intends to request a ruling from the IRS with respect to the tax treatment of the Merger, and as a result, no assurance can be given that the IRS will not challenge the treatment of the Merger described below or that a court would not sustain such a challenge. 219

Assuming the Merger qualifies as a “reorganization” within the meaning of Section 368(a) of the Code, U.S. Holders of Hadron Energy Stock generally are not expected to recognize gain or loss as a result of the exchange of Hadron Energy Stock for Domesticated GigCapital7 Stock in the Merger. Each U.S. Holder’s tax basis in the Domesticated GigCapital7 Stock received in the Merger generally is expected to be the same as such Holder’s tax basis in the Hadron Energy Stock surrendered in the Merger in exchange therefor. The holding period of the Domesticated GigCapital7 Stock received in the Merger by a U.S. Holder generally is expected to include the holding period of the Hadron Energy Stock surrendered in the Merger in exchange therefor. If the Merger fails to qualify as a “reorganization” under Section 368(a) of the Code, a U.S. Holder of Hadron Energy Stock would recognize gain or loss in an amount equal to the difference between (i) the fair market value of the Domesticated GigCapital7 Stock received in the Merger and (ii) the holder’s basis in the Hadron Energy Stock surrendered therefor. If a U.S. Holder acquired different blocks of Hadron Energy Stock at different times or at different prices, such U.S. Holder should consult its own tax advisor regarding the