GigCapital7 (GIG) Q3 2025 earnings summary

Executive summary

• Entered into a business combination agreement with Hadron Energy, Inc., a micro reactor technology innovator, to merge and domesticate as a Delaware corporation, renaming as Hadron Energy, Inc. upon closing.

• The company remains a blank check (SPAC) entity, with all activity focused on formation, IPO, and identifying a target for business combination; no operating revenues to date.

• The business combination is subject to shareholder approval and various closing conditions, including minimum cash requirements.

Financial highlights

• As of September 30, 2025, total assets were $210.2 million, with $209.6 million held in the Trust Account.

• Net income for the nine months ended September 30, 2025 was $2.95 million, driven by $6.4 million in interest income, offset by $2.0 million in operating expenses and $1.43 million in warrant liability expense.

• For the three months ended September 30, 2025, reported a net loss of $212,080, compared to net income of $610,950 in the same quarter last year.

• Cash used in operating activities for the nine months ended September 30, 2025 was $938,824; cash held outside the Trust Account was $405,404.

Outlook and guidance

• Substantial doubt exists about the company's ability to continue as a going concern if a business combination is not completed by May 28, 2026.

• The company expects to incur significant costs in pursuit of its acquisition plans and may need to raise additional funds if the business combination is not consummated.

• Hadron Energy, the target, is an early-stage company with no revenue, significant losses, and will require substantial future funding to commercialize its technology.