Company: GIGGU
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034611
Chunk: 159

Company: GigCapital7 Corp.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 159
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 of a potential initial business combination. We have neither engaged in any operations nor generated any revenues. As of December 31, 2024, the net proceeds from our IPO held in the Trust Account were comprised entirely of money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest solely in United States treasuries. Due to the short-term nature of the money market fund’s investments, we do not believe that there will be an associated material exposure to interest rate risk.

As of December 31, 2024, $203,188,704 was held in the Trust Account for the purposes of consummating an initial business combination.

72

Item 8. Financial Statements and Supplementary Data.

INDEX TO FINANCIAL STATEMENTS

    Report of Independent Registered Public Accounting Firm (PCAOB ID: 207)
    74

    Balance Sheet as of December 31, 2024
    75

    Statement of Operations and Comprehensive Income for the Period from May 8, 2024 (Date of Inception) through December 31, 2024
    76

    Statement of Shareholders’ Equity for the Period from May 8, 2024 (Date of Inception) through December 31, 2024
    77

    Statement of Cash Flows for the Period from May 8, 2024 (Date of Inception) through December 31, 2024
    78

    Notes to Financial Statements
    79

73

Report of Independent Registered Public Accounting Firm

To the Board of Directors and

Shareholders of GigCapital7 Corp.

Opinion on the Financial StatementsWe have audited the accompanying balance sheet of GigCapital7 Corp. (a Cayman Islands exempted company) (the “Company”) as of December 31, 2024, and the related statements of operations and comprehensive income, shareholders’ equity, and cash flows for the period from May 8, 2024 (date of inception) through December 31, 2024, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the period from May 8, 2024 (date of inception) through December 31, 2024, in conformity with accounting