GigCapital7 Corp. Announces Business Combination Agreement

GigCapital7 Corp is a blank check company formed for the purpose of a business combination with one or more businesses. It has not selected a target and has no operations or revenue.

New York, NY – Hadron Energy, Inc. (“Hadron”), a pioneering innovator in micro modular reactor (MMR) technology, and GigCapital7 Corp. (“GIG”), a Private-to-Public Equity (PPE)™ company also known as a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement. The proposed business combination will create a publicly traded light water MMR company. Upon closing, the combined company is expected to be listed on a US national exchange under the symbol “HDRN.”

Hadron specializes in the development, design, and research of Micro Modular Reactors (MMRs) built on light water reactor technology. The Hadron MMR is designed to deliver a 24/7 uninterrupted supply of safe, clean, cost-efficient, and rapidly deployable nuclear power. It generates 10 megawatts of electricity (MWe) and 35 megawatts of thermal heat (MWth) and can be transported in standard shipping containers. The MMR operates on a fraction of the land required by wind and solar, with an operationally efficient 10-year fueling cycle.

The business combination contemplates that the existing security holders of Hadron will receive 100 million shares of GIG stock, valuing the public Hadron prior to the raising of any public capital at approximately $1.2 billion Hadron Energy, an Emerging Nuclear Energy Company Advancing Innovative Light Water Micro Modular Reactors, to Go Public Via $1.2B Business Combination with GigCapital7 Corp.^[1]. Upon closing of the Business Combination, it is anticipated that Hadron will have access to approximately $200 million in cash from the GIG trust account after the payment of transaction expenses and assuming no redemptions by GIG’s public shareholders.

Hadron’s innovative MMR design aims to tackle market challenges head-on by providing a reliable clean energy solution that improves size, logistics, and installation. The reactor core and containment shell are designed to be easily transported in standard shipping containers, and the MMR is designed to operate on a fraction of the land required by wind and solar, with an accelerated licensing and deployment timeline compared to small modular reactors (SMRs).

The business combination is expected to be completed in early 2026, subject to customary closing conditions, including regulatory and stockholder approvals. Additional information about the proposed Business Combination will be provided in a Current Report on Form 8-K to be filed by GIG with the U.S. Securities and Exchange Commission (SEC) and will be available at www.sec.gov.