Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 608

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 608
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 the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active. Level 3: Unobservable inputs which are supported by little or no market activity and which are significant to the fair value of the assets or liabilities. F-15

The Company has determined that the private placement warrants are subject to treatment as a liability, as the transfer of the warrants to anyone other than the purchasers or their permitted transferees would result in these warrants having substantially the same terms as the public warrants. The public warrants did not start trading separately until September 11, 2024, so the Company initially determined the fair value of each warrant using a Black-Scholes option-pricing model, which requires the use of significant unobservable market values. Accordingly, the private placement warrants were initially classified as Level 3 financial instruments. After the public warrants started trading separately, the Company determined that the fair value of each private placement warrant approximates the fair value of a public warrant. Accordingly, the private placement warrants are valued upon observable data and are classified as Level 2 financial instruments.

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

| Description:                                         
 Assets:                                              |     | Level |   |     | June 30, 2025 |             |     | December 31,2024 |             |
|:-----------------------------------------------------|:----|:------|--:|:----|:--------------|------------:|:----|:-----------------|------------:|
| Cash and marketable securities held in Trust Account |     |       | 1 |     | $             | 207,423,035 |     | $                | 203,188,704 |
| Liabilities:                                         |     |       |   |     |               |             |     |                  |             |
| Warrant liability                                    |     |       | 2 |     | $             |     557,850 |     | $                |     241,735 |

The marketable securities held in the Trust Account are considered trading securities as they are generally