0001193125-26-201664
SEC filingGigCapital7 entered non-redemption agreements for 1.8M shares (~$19.3M) to reduce redemptions and help meet the $20M minimum cash condition for its business combination with Hadron Energy.
On May 1, 2026, GigCapital7 Corp. (Nasdaq: GIG) entered into non-redemption agreements with certain public stockholders to reduce redemptions ahead of its business combination with Hadron Energy, Inc. The agreements cover an aggregate of 1,800,000 Class A ordinary shares, representing approximately $19.3 million held in the trust account. Combined with a previously funded $7.6 million SAFE bridge note, total equity raised into Hadron Energy is about $26.9 million, exceeding the $20 million minimum cash condition required for closing. The non-redemption agreements are a key step to ensure sufficient trust proceeds remain post-redemption to satisfy the closing condition. The extraordinary general meeting to approve the business combination is scheduled for May 7, 2026, with the redemption deadline on May 5, 2026. The agreements also include a most-favored-nation clause requiring GigCapital7 to offer any more favorable terms obtained from other investors to these stockholders. The press release and proxy supplement provide additional context, emphasizing the importance of these agreements in securing the necessary funding for the combined company.