GigCapital7 (GIG) Registration filing summary

Company overview and business model

• Develops factory-fabricated, transportable 10 MWe micro modular nuclear reactors (MMRs) targeting data centers, industrial facilities, remote communities, and government installations.

• Utilizes proven light-water reactor technology with a 10-year sealed fuel cycle and modular, scalable deployment.

• Business model centers on long-term power purchase agreements (PPAs), with Hadron as developer, owner, and operator, providing energy-as-a-service.

• Early regulatory engagement with the NRC and strategic partnerships for fuel supply and technology development.

• Plans to scale manufacturing with a U.S.-based gigafactory, aiming for 50 units/year by 2035 and 100 units/year by 2040.

Financial performance and metrics

• No revenue generated to date; net losses of $71.8 million for the year ended December 31, 2025, and $593,556 for the period from July 8, 2024, through December 31, 2024.

• As of December 31, 2025, cash balance was $1.76 million, with an accumulated deficit of $72.4 million.

• Negative cash flows from operations: $3.86 million for the year ended December 31, 2025.

• Net income of $13.4 million for the three months ended March 31, 2026, driven by non-cash gains from SAFE remeasurement and legal settlement adjustments; underlying operations remain loss-making.

• Substantial doubt exists about ability to continue as a going concern without additional funding.

Use of proceeds and capital allocation

• Will not receive proceeds from resale of shares by selling securityholders.

• Could receive up to $333 million if all warrants are exercised for cash; proceeds would be used for general corporate purposes.

• Proceeds from warrant exercises are highly dependent on the market price of common stock relative to exercise prices ($11.50 and $12.00 per share); as of June 12, 2026, stock closed at $2.74.