Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 195

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 195
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 should qualify as a reorganization within the meaning of Section 368(a)(1)(F) of the Code, i.e., an F Reorganization. If the Domestication fails to qualify as an F Reorganization, a U.S. Holder (as defined in “ Material U.S. Federal Income Tax Considerations for Holders of GigCapital7 Securities and Domesticated GigCapital7 Securities - II. U.S. Holders”) of GigCapital7 Class A Ordinary Shares or GigCapital7 Warrants generally would recognize gain or loss with respect to its GigCapital7 Class A Ordinary Shares or GigCapital7 Warrants in an amount equal to the difference, if any, between the fair market value of the corresponding Domesticated GigCapital7 Common Stock or Domesticated GigCapital7 Warrants received in the Domestication and the U.S. Holder’s adjusted tax basis in its GigCapital7 Class A Ordinary Shares or GigCapital7 Warrants surrendered. Additionally, Non-U.S. Holders (as defined in “ Material U.S. Federal Income Tax Considerations for Holders of GigCapital7 Securities and Domesticated GigCapital7 Securities - III. Non-U.S.Holders”) may become subject to withholding tax on any amounts treated as dividends paid on Domesticated GigCapital7 Common Stock after the Domestication. Assuming that the Domestication qualifies as an F Reorganization, subject to the PFIC rules discussed below, U.S. Holders generally will be subject to Section 367(b) of the Code in connection with the Domestication, and, as a result:

| • |     | a U.S. Holder who is a 10% U.S. Shareholder on the date of the Domestication generally will be required to include in income as a deemed dividend deemed paid by GigCapital7 the “all earnings and profits amount” (as defined in the Treasury Regulations under Section 367 of the Code) attributable to the GigCapital7 Class A Ordinary Shares held directly by such U.S. Holder; |

| • |     | a U.S. Holder whose GigCapital7 Class A Ordinary Shares have a fair market value of $50,000 or more on the date of the Domestication and who, on the date of the Domestication, is not a 10% U.S. Shareholder generally will recognize gain (but not loss) with respect to its GigCapital7 Class A Ordinary Shares as if such U.S. Holder exchanged its GigCapital7 Class A Ordinary Shares for Domesticated GigCapital7 Common Stock in a taxable transaction, unless