Company: GIGGU
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034611
Chunk: 241

Company: GigCapital7 Corp.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 241
---
 —

    (22,757,853
    )

    Reclass of negative additional paid-in capital to retained earnings

    1,056,955

    (1,056,955
    )

    —

    Net income

    —

    —

    —

    2,378,292

    2,378,292

    Balance as of December 31, 2024

    13,333,333

    $
    1,333

    $
    —

    $
    1,321,337

    $
    1,322,670

The accompanying notes are an integral part of these financial statements.

77

GIGCAPITAL7 CORP.

Statement of Cash Flows

    Period fromMay 8, 2024(Inception) throughDecember 31, 2024

    OPERATING ACTIVITIES

    Net income
     
    $
    2,378,292

    Adjustments to reconcile net income to net cash used in operating activities:

    Change in fair value of warrant liability

    183,675

    Interest and dividends earned on cash and marketable securities held in Trust Account

    (3,188,704
    )

    Changes in operating assets and liabilities:

    Prepaid expenses and other current assets

    (207,680
    )

    Payable to related party

    34,048

    Accounts payable

    25,439

    Accrued liabilities

    39,000

    Other assets

    (85,984
    )

    Net cash used in operating activities

    (821,914
    )

    INVESTING ACTIVITIES

    Investment of cash in Trust Account

    (200,000,000
    )

    Net cash used in investing activities

    (200,000,000
    )

    FINANCING ACTIVITIES

    Proceeds from sale of Class B ordinary shares to founder and consultant

    103,000

    Proceeds from sale of public units, net of underwriting discount paid

    199,400,000

    Proceeds from the sale of private placement warrants to Founder

    58,060

    Proceeds from sale of Class B ordinary shares in a private placement

    3,250,000

    Payment of offering costs

    (644,918
    )

    Net cash provided by financing activities

    202,166,142

    Net increase in