Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 374

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 374
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 at the option of the holder, the holder of a GigCapital7 Unit generally should be treated, for U.S. federal income tax purposes, as the owner of the underlying GigCapital7 Class A Ordinary Share and Public Warrant components of the GigCapital7 Unit, and the discussion below with respect to actual Holders of GigCapital7 Class A Ordinary Shares and Public Warrants also should apply to holders of GigCapital7 Units (as the deemed owners of the underlying GigCapital7 Class A Ordinary Shares and Public Warrants that constitute the GigCapital7 Units). Accordingly, the separation of a GigCapital7 Unit into one GigCapital7 Class A Ordinary Share and the one Public Warrant underlying the GigCapital7 Unit generally should not be a taxable event for U.S. federal income tax purposes. This position is not free from doubt, and no assurance can be given that the IRS would not assert, or that a court would not sustain, a contrary position. Holders of GigCapital7 Securities are urged to consult their tax advisors concerning the U.S. federal, state, local and any non-U.S.tax consequences of the transactions contemplated by the Domestication and the Business Combination (including the exercise of any redemption rights) with respect to any GigCapital7 Class A Ordinary Shares and Public Warrants held through GigCapital7 Units (including alternative characterizations of GigCapital7 Units).

| I. | TAX TREATMENT OF THE DOMESTICATION |

The U.S. federal income tax consequences to the Holders of the Domestication will depend primarily upon whether the Domestication qualifies as a “reorganization” within the meaning of Section 368 of the Code. 199

Under Section 368(a)(1)(F) of the Code, an F Reorganization is a “mere change in identity, form, or place of organization of one corporation, however effected”. Pursuant to the Domestication, GigCapital7 will change its jurisdiction of incorporation from the Cayman Islands to Delaware, and, effective immediately following the Closing, will be renamed to “Hadron Energy, Inc.” Whether the Domestication will qualify as an F Reorganization is not free from doubt due to the absence of direct guidance on the application of Section 368(a)(1)(F) of the Code to an entity that holds only investment-type assets. Accordingly, due to the absence of such guidance, it is not possible to predict whether the IRS or a court considering the issue would take a contrary position. DLA Piper LLP will deliver an opinion that, based on customary assumptions