GigCapital7 is a SPAC — a blank check company with no operations — formed to raise capital via an IPO and use those proceeds to acquire a private company and take it public. GigCapital7 raised $200M in its August 2024 IPO, and holds those proceeds in a Trust Account invested in U.S. government securities until a deal closes. In September 2025, GigCapital7 signed a Business Combination Agreement to merge with Hadron Energy, an energy sector company. Under the deal, GigCapital7 will domesticate as a Delaware corporation, merge with Hadron Energy, and rename the combined entity Hadron Energy. The deal requires shareholder approval, and public shareholders may redeem shares at roughly $10.64 per share regardless of how they vote. The sponsor, GigAcquisitions7, acquired founder shares at a nominal cost and stands to profit substantially if the deal closes, as those shares convert into equity in the combined public company. Public shareholders, by contrast, can either redeem at roughly the IPO price or remain invested in the post-merger company, with returns depending entirely on Hadron Energy's business quality. If no deal closes within 21 months of the IPO, GigCapital7 must liquidate and return Trust Account funds to shareholders.