GigCapital7 Corp. (GIG): debt financing — GigCapital7 cuts Hadron Energy acquisition valuation to $600M, extends outside date to May 31, 2026

GigCapital7 Corp.

Second Amendment reduces Aggregate Merger Consideration from ~100M shares to 60M shares, valuing Hadron at $600M (down from $1B).
Outside Date extended from April 30 to May 31, 2026; special shareholder meeting set for May 7, 2026.
GigCapital7 issued $293,000 amended promissory note to sponsor for working capital, convertible at $10/unit upon business combination.
Hadron completed $7.5M pre-IPO SAFE equity round and SEC declared S-4 effective April 15, 2026.
Hadron cites advanced nuclear market valuation recalibration; continues commercial progress with Paragon, Smartland MOU.

item 1.01 item 2.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

GigCapital7 Corp. amended convertible notes of $293,000.00 with GigAcquisitions7 Corp. at bears no interest maturing repayable in full upon the consummation of a business combination.

Instrument: convertible notes
Principal: $293,000.00
Counterparty: GigAcquisitions7 Corp.
Rate: bears no interest
Maturity: repayable in full upon the consummation of a business combination
Event: amendment

Exact text from the filing

On April 16, 2026, GigCapital7 issued an amended and restated unsecured convertible promissory note (the “ Amended and Restated Working Capital Note ”) in the principal amount of $293,000.00 to GigAcquisitions7 Corp., a Cayman Islands exempted company (the “ Sponsor ”). The Amended and Restated Working Capital Note amends, restates, supersedes and replaces that certain unsecured convertible promissory note dated January 30, 2026, in the principal amount of $148,000 previously issued by GigCapital7 to the Sponsor (the “ Prior Note ”). The Company issued the Amended and Restated Working Capital Note in consideration for a loan from the Sponsor to fund GigCapital7’s working capital requirements. The Amended and Restated Working Capital Note is convertible at the Sponsor’s election upon the consummation of the initial business combination.

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Source: SEC EDGAR

accession 0001193125-26-162774

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