GigCapital7 (GIG) Q1 2026 earnings summary

Executive summary

• Entered into a business combination agreement with Hadron Energy, Inc., a micro reactor technology innovator, with closing expected by end of May 2026.

• No operating revenues to date; activities focused on formation, IPO, and identifying a target for business combination.

• Will domesticate from Cayman Islands to Delaware prior to closing the merger.

Financial highlights

• Net income for Q1 2026 was $535,601, down from $1,618,274 in Q1 2025, driven by lower interest income and higher operating expenses.

• Interest income on cash and marketable securities in Trust Account was $1,869,218 for Q1 2026.

• General and administrative expenses increased to $1,675,288 in Q1 2026 from $371,833 in Q1 2025.

• Cash used in operating activities was $182,670 for Q1 2026; cash at period end was $54,692.

• Cash and marketable securities in Trust Account totaled $213,506,528 as of March 31, 2026.

Outlook and guidance

• Substantial doubt exists about ability to continue as a going concern if business combination is not completed within 21 months of IPO.

• Completion of the Hadron Energy merger is subject to minimum cash and shareholder approval conditions.

• If the business combination is not completed, public shares will be redeemed and warrants will expire worthless.