Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 117

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 117
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 Combination ”.

### Background and Material Terms of the Business Combination
GigCapital7 is a private-to-public equity (PPE) company, also known as special purpose acquisition company (SPAC) that was incorporated on May 8, 2024 as a Cayman Islands exempted company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Starting immediately upon the completion of the initial public offering on August 28, 2024, GigCapital7’s management and its advisors surveyed the landscape of potential acquisition opportunities for acquisition targets. From August 28, 2024 to August 22, 2025, GigCapital7 reviewed more than 350 acquisition opportunities across various industries and had active discussions under non-disclosure agreement NDA with approximately 60 potential business targets, and progressed to deeper discussion based on letter-of-intent (“

#### LOI
”) with 7 potential targets. GigCapital7 management ultimately decided not to pursue such alternate targets, and instead focus its efforts on Hadron Energy. The terms of the Business Combination Agreement are the result of negotiations between the representatives of GigCapital7 and Hadron Energy, which occurred between August 23, 2025 and until signing the Business Combination Agreement on September 28, 2025.

On the Signing Date, GigCapital7 entered into the Business Combination Agreement with Hadron Energy and Merger Sub, pursuant to which, among other things, subject to shareholder approval, following the Domestication, Merger Sub will merge in the Merger with and into Hadron Energy, with Hadron Energy surviving as a wholly owned subsidiary of GigCapital7, resulting in a combined company whereby GigCapital7 will become the sole stockholder of Hadron Energy Opco, and substantially all of the assets and the business of the combined company will be held by Hadron Energy Opco.

Business Combination Consideration to Hadron Stockholders Pursuant to the Business Combination Agreement, the consideration to be paid in the Merger in respect of each share of Hadron Common Stock (as defined below) that is issued and outstanding immediately prior to the Effective Time, will be a number of shares of Domesticated GigCapital7 Common Stock equal to the Exchange Ratio (the “ Per Share Merger Consideration”). The “ Exchange Ratio” means the quotient of: (a) the Aggregate Merger Consideration; divided by (b) the Hadron Fully Diluted Capital. The “ Aggregate Merger Consider