Company: GIGGU
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001193125-25-277896
Chunk: 557

Company: GigCapital7 Corp.
Filing Date: 2025-11-12
Form: S-4
Chunk 557
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0.01561 per private placement warrant. Each private placement warrant entitles the holder thereof to purchase one Class A ordinary share at $11.50 per share, subject to adjustment. The warrant private placement generated aggregate gross proceeds of $58,060. The private placement warrants are identical to the warrants sold in the IPO except that, the Private Placement Warrants: (i) will not be redeemable by GigCapital7; (ii) may be exercised for cash or on a cashless basis, as described in the prospectus, so long as they are held by the Sponsor or any of their respective permitted transferees, (iii) subject to certain limited exceptions, will be subject to transfer restrictions until thirty (30) days following the consummation of GigCapital7’s initial business combination; and (iv) will be entitled to registration rights. The private placement warrants held by the Sponsor are subject to a lock-up as described above.

Administrative Services Agreement

GigCapital7 has agreed to pay $30,000 a month for office space, administrative services and secretarial support to an affiliate of the Founder, GigManagement, LLC. Services commenced on August 28, 2024, the date the securities were first listed on Nasdaq, and will terminate upon the earlier of the consummation by GigCapital7 of a Business Combination or the liquidation of GigCapital7.

Related Party Loans

In order to finance transaction costs in connection with a business combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (the “Working Capital Loans”). If the Company completes a business combination, the Company would repay the Working Capital Loans. In the event that a business combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay the Working Capital Loans but no proceeds from the Trust Account would be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans may be convertible into Private Placement Warrants of the post business combination entity at a price of $1.00 per warrant at the option of the lender. The warrants would be identical to the Private Placement Warrants. As of [•], no such Working Capital Loans were outstanding.

Registration Rights Agreement

At the Closing, GigCapital7, the Sponsor and the holder parties thereto will enter into the Registration Rights Agreement, pursuant to which, among other things, the Sponsor