GigCapital7 Corp. (GIG): debt financing — GigCapital7 issues $148K convertible promissory note to sponsor for working capital

GigCapital7 Corp.

Note is $148,000, unsecured, bears no interest, due at initial business combination or winding up.
Convertible at sponsor's election into units at $10.00 per unit; full conversion yields 14,800 units.
Units upon conversion are identical to private placement units from IPO, each with one Class A share and one warrant.
Issued to GigAcquisitions7 Corp. (Sponsor) under Section 4(a)(2) exemption; no general solicitation.
Sponsor waives any claim against trust account; proceeds repayable from trust upon business combination.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GigCapital7 Corp. incurred convertible notes of $148,000.00 with GigAcquisitions7 Corp. at no interest maturing upon the consummation of a business combination.

Instrument: convertible notes
Principal: $148,000.00
Counterparty: GigAcquisitions7 Corp.
Rate: no interest
Maturity: upon the consummation of a business combination
Event: incurrence

Exact text from the filing

On January 30, 2026, GigCapital7 Corp., a Cayman Islands exempted company (the "Company"), issued an unsecured convertible promissory note (the "Working Capital Note") in the principal amount of $148,000.00 to GigAcquisitions7 Corp., a Cayman Islands exempted company (the "Sponsor").

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.85

GigCapital7 Corp. issued 14,800 private placement units of unit to unspecified for conversion of entire principal balance of Working Capital Note.

Security: unit
Shares: 14,800 private placement units
Purchaser: unspecified
Consideration: conversion of entire principal balance of Working Capital Note

Exact text from the filing

An aggregate of 14,800 private placement units of the Company would be issued if the entire principal balance of the Working Capital Note is converted.

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41 debt financings filed in the last 30 days. Browse all debt financings →

GigCapital7 Corp. filing history →

Source: SEC EDGAR

accession 0001193125-26-037716

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