Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 579

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 579
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 in the Nasdaq listing standards and applicable SEC rules (all but Samuel Gibson). In addition, we anticipate that Bryan L. Timm (Chair), [●], and [●] will qualify as independent directors for the purpose of serving on the audit committee of Domesticated GigCapital7 under SEC rules.

#### Classified Board of Directors
Subject to approval of the Director Election Proposal, the Domesticated GigCapital7 Board will initially consist of seven (7) directors until any such director’s successor is duly elected and qualified, subject to such director’s earlier death, disqualification, resignation, or removal.

#### Controlled Company Exception
After the completion of the Business Combination, Samuel Gibson will beneficially own more than 50% of the combined voting power for the election of directors of Domesticated GigCapital7 Common Stock. As a result, the Domesticated GigCapital7 will qualify to be a “controlled company” within the meaning of the Nasdaq corporate governance standards. Under these corporate governance standards, a company of which more than 50% of the voting power for the election of directors is held by an individual, group or other company is a “controlled company” and may elect not to comply with certain corporate governance standards, including the requirements (1) that a majority of the Domesticated GigCapital7’s board of directors consist of independent directors, (2) that Domesticated GigCapital7’s board of directors have a compensation committee that consists entirely of independent directors with a written charter addressing the committee’s purpose and responsibilities, and (3) that Domesticated GigCapital7’s director nominations be made, or recommended to the Domesticated GigCapital7’s full board of directors, by the Domesticated GigCapital7’s independent directors or by a nominations committee that consists entirely of independent directors and that the Domesticated GigCapital7’s adopts a written charter or board resolution addressing the nominations process. Accordingly, in the event that Domesticated GigCapital7 so elects not to comply with these corporate governance standards, you will not have the same protections afforded to stockholders of companies that are subject to these corporate governance requirements. In the event that Domesticated GigCapital7 ceases to be a “controlled company” and its common stock continues to be listed on the Nasdaq, Domesticated GigCapital7 will be required to comply with these provisions within the applicable transition periods.

Following the Business Combination, the Domesticated GigCapital7 does not intend to rely on the “controlled company” exemption. However, in the future it may elect otherwise, and if it does so