Business
GigCapital7 Corp. Announces Non-Redemption Agreements Funding in the Approximate Amount of at Least $19.3 Million in Conjunction with the Anticipated Closing of the Business Combination with Hadron Energy, Inc.
NEW YORK, May 01, 2026--GigCapital7 Corp. (Nasdaq: GIG) ("GigCapital7" or the "Company") today announced that it has directly solicited and entered into non-redemption agreements (each a "Non-Redemption Agreement" and together the "Non-Redemption Agreements") with a few public stockholders, pursuant to which such stockholders have agreed not to exercise redemption rights in connection with the proposed business combination between GigCapital7 and Hadron Energy, Inc. ("Hadron") with respect to an
About this update from Gigcapital7 Corp.
[{"type":"text","content":"NEW YORK, May 01, 2026--(BUSINESS WIRE)--GigCapital7 Corp. (Nasdaq: GIG) ("GigCapital7" or the "Company") today announced that it has directly solicited and entered into non-redemption agreements (each a "Non-Redemption Agreement" and together the "Non-Redemption Agreements") with a few public stockholders, pursuant to which such stockholders have agreed not to exercise redemption rights in connection with the proposed business combination between GigCapital7 and Hadron Energy, Inc. ("Hadron") with respect to an aggregate of 1,800,000 Class A ordinary shares of the Company, representing approximately $19.3 million of the funds held in the Company’s trust account, and with the possibility for additional Non-Redemption Agreements, and that will be moved into the Hadron Energy balance sheet at the closing of the business combination. These NRA funds are being added to approximately $7.6 million that have already been funded on a SAFE bridge note over the last few months to Hadron Energy, for a total equity raise by GigCapital7 into Hadron Energy of about $26.9 million, which far exceeds the Business Combination Agreement’s announced minimum cash condition on closing of $20 million.","length":1247,"tagName":"p"},{"type":"text","content":"The Non-Redemption Agreements were entered into in anticipation of the closing of the business combination contemplated by the Business Combination Agreement, dated as of September 27, 2025, as amended, by and among GigCapital7, Hadron Energy and MMR Merger Sub, Inc. The extraordinary general meeting of shareholders of GigCapital7 to approve the business combination is scheduled for May 7, 2026, with the deadline for submission of redemption requests set for 5:00 p.m., Eastern Time, on May 5, 2026.","length":503,"tagName":"p"},{"type":"text","content":"Additional information regarding the Non-Redemption Agreement will be provided in a Current Report on Form 8-K to be filed by GigCapital7 with the U.S. Securities and Exchange Commission.","length":187,"tagName":"p"},{"type":"text","content":"About Hadron Energy, Inc.","length":25,"tagName":"p"},{"type":"text","content":"Hadron is a pioneer in MMR technology. Designed to deliver 10 MWe of continuous power, the Halo MMR is smaller, more cost-effective, and faster to deploy than other proposed nuclear po...