Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 423

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 423
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 through December 31, 2024 gives effect to the transactions as if the business combination and other transactions had been consummated on May 8, 2024 (date of inception for GigCapital7). Redemption Scenarios The unaudited pro forma condensed combined financial information presents two redemption scenarios as follows:

| • |     | No Redemption Scenario: This scenario assumes that no holders of GigCapital7 Class A Ordinary Shares subject to possible redemption exercise their right to have their Class A Ordinary Shares redeemed for their pro rata share of the Trust Account. |

| • |     | Maximum Redemption Scenario: This scenario assumes that 20,000,000 GigCapital7 Class A Ordinary Shares are redeemed, resulting in an aggregate cash payment of $207,400,000 out of the Trust Account based on an assumed redemption price of $10.37 per share based on an aggregate amount of the funds held in the Trust Account of $207,423,035 as of June 30, 2025. The Business Combination Agreement contains two conditions to the Closing which are that, after giving effect to the transactions contemplated hereby (including any PIPE Financing) (i) GigCapital7 shall have at least $5,000,001 of net tangible assets, and (ii) the Available Closing SPAC Cash shall not be less than $20,000,000. The “maximum contractual redemptions scenario” represents the maximum number of Public Shares that may be redeemed while satisfying the conditions mentioned above. The maximum contractual redemptions scenario assumes the PIPE financing will be $20,000,009 and that 100% of the Public Shares can be redeemed as long as the PIPE Financing meets the two conditions set out above. |

Accounting for the Transactions The business combination is accounted for as a reverse recapitalization in accordance with GAAP. Under this method of accounting, GigCapital7 will be treated as the “acquired” company for financial reporting purposes. This determination was primarily based on Hadron Energy’s operations comprising substantially all of the ongoing operations of the post-combination company, Hadron Energy’s senior management comprising substantially all of the senior management of the post-combination company and the existence of a majority voting interest in the post-combination company. Accordingly, for accounting purposes, the business combination is treated as the equivalent of Hadron Energy issuing stock for the net assets of GigCapital7, accompanied by a recapitalization. The net assets of GigCapital7 are stated at historical cost, with no goodwill or other intangible