Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 438

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 438
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 the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended, or the Investment Company Act. Even if the post transaction company owns or acquires 50% or more of the voting securities of the target, GigCapital7’s shareholders prior to the business combination may collectively own a minority interest in the post transaction company, depending on valuations ascribed to the target and us in the business combination. For example, GigCapital7 could pursue a transaction in which GigCapital7 issues a substantial number of new shares in exchange for all of the outstanding capital stock, shares or other equity interests of a target. In this case, GigCapital7 would acquire a 100% controlling interest in the target. However, as a result of the issuance of a substantial number of new shares, GigCapital7’s shareholders immediately prior to GigCapital7’s initial business combination could own less than a majority of GigCapital7’s issued and outstanding shares subsequent to GigCapital7’s initial business combination. If less than 100% of the equity interests or assets of a target business or businesses are owned or acquired by the post transaction company, the portion of such business or businesses that is owned or acquired is what will be taken into account for purposes of the 80% of net assets test described above. If the business combination involves more than one target business, the aggregate value of all of the target businesses, will be taken into account for purposes of the 80% fair market value test.

GigCapital7 is not prohibited from pursuing an initial business combination with a company that is affiliated with its Sponsor, officers or directors, non-managing investors or completing the business combination through a joint venture or other form of shared ownership with GigCapital7’s Sponsor, officers or directors, or non-managing investors. In the event that GigCapital7 seeks to complete its initial business combination with a company that is

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affiliated (as defined in GigCapital7’s amended and restated memorandum and articles of association) with GigCapital7’s Sponsor, officers or directors, GigCapital7, or a committee of independent directors, will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions, stating that the consideration to be paid by GigCapital7 in such an initial business combination is fair to GigCapital7 from a financial point of view. GigCapital7 is not required to obtain