Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 619

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 619
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 control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, as of December 31, 2024, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet. Immediately upon the closing of the Offering, the Company recognized the accretion from initial book value to redemption amount value. The change in the carrying value of redeemable ordinary shares resulted in charges against additional paid-in capital. As of December 31, 2024, 20,000,000 Class A ordinary shares were issued and outstanding and subject to possible redemption.

As of December 31, 2024, the Class A ordinary shares subject to possible redemption reflected on the balance sheet are reconciled in the following table:

|                                                        |     | As of December 31,2024 |             |   |
|:-------------------------------------------------------|:----|:-----------------------|------------:|:--|
| Gross proceeds                                         |     | $                      | 200,000,000 |   |
| Less:                                                  |     |                        |             |   |
| Fair value of public warrants at issuance              |     |                        | (18,460,769 | ) |
| Ordinary share issuance costs                          |     |                        |  (1,208,380 | ) |
| Plus:                                                  |     |                        |             |   |
| Accretion of carrying value to redemption value        |     |                        |  22,757,853 |   |
| Class A ordinary shares subject to possible redemption |     | $                      | 203,088,704 |   |

**Financial Instruments**

The fair value of the Company’s assets and liabilities approximates the carrying amounts represented in the balance sheet.

**Use of Estimates**

The preparation of financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

**Income Taxes**

The Company follows the asset and liability method of accounting for income taxes under ASC 740, “ Income Taxes ” (“ASC 740”). Deferred tax assets and liabilities are recognized for the estimated