Company: GIGGU
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000950170-25-064494
Chunk: 0

Company: GigCapital7 Corp.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 0
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GigCapital7 Corp.

Condensed Balance Sheets

(Unaudited)

     March 31,

     December 31,

     2025

     2024

     ASSETS

     Current assets

     Cash
      
     $
     926,474

     $
     1,344,228

     Prepaid expenses and other current assets

     262,358

     207,680

     Total current assets

     1,188,832

     1,551,908

     Cash and marketable securities held in Trust Account

     205,292,683

     203,188,704

     Other assets

     53,740

     85,984

     TOTAL ASSETS
      
     $
     206,535,255

     $
     204,826,596

     LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS’ EQUITY

     Current liabilities

     Accounts payable
      
     $
     61,702

     $
     25,439

     Related party payable

     12,997

     34,048

     Accrued liabilities

     75,000

     114,000

     Total current liabilities

     149,699

     173,487

     Warrant liability

     355,908

     241,735

     Total liabilities

     505,607

     415,222

     Commitments and contingencies (Notes 3 and 4)

     Class A ordinary shares subject to possible redemption, par value of $0.0001 per share;    200,000,000 shares authorized; 20,000,000 shares at a redemption value of $10.26 per   share and $10.15 per share as of March 31, 2025 and December 31, 2024, respectively

     205,192,683

     203,088,704

     Shareholders’ equity:

     Preferred shares, par value of $0.0001 per share; 1,000,000 shares authorized; none   issued or outstanding

     —

     —

     Class A ordinary shares, par value of $0.0001 per share; 200,000,000 shares   authorized; none issued or outstanding (excludes 20,000,000