GigCapital7 Corp
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
HDRN$0.680.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statement of Cash Flows
| Period from May 8, 2024(Date of Inception)through | |
|---|---|
| OPERATING ACTIVITIES | |
| Net income | $546,549 |
| Adjustments to reconcile net income to net cash used in operating activities: | |
| Change in fair value of warrant liability | 165,080 |
| Interest earned on cash and marketable securities held in Trust Account | (989,729) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses and other current assets | (244,596) |
| Payable to related party | 65,188 |
| Accounts payable | 42,756 |
| Accrued liabilities | 4,500 |
| Other assets | (118,227) |
| Net cash used in operating activities | (528,479) |
| INVESTING ACTIVITIES | |
| Investment of cash in Trust Account | (200,000,000) |
| Net cash used in investing activities | (200,000,000) |
| FINANCING ACTIVITIES | |
| Proceeds from sale of Class B ordinary shares to founder and advisor | 103,000 |
| Proceeds from sale of public units, net of underwriting discount paid | 199,400,000 |
| Proceeds from the sale of private placement warrants to Founder | 58,060 |
| Proceeds from sale of Class B ordinary shares in a private placement | 3,250,000 |
| Payment of offering costs | (276,069) |
| Net cash provided by financing activities | 202,534,991 |
| Net increase in cash | 2,006,512 |
| Cash at beginning of period | — |
| Cash at end of period | $2,006,512 |
| Supplemental non-cash disclosure: | |
| Offering costs included in accounts payable, related party payable and accrued liabilities | $443,772 |
| Accretion of Class A ordinary shares to redemption value | $20,558,807 |
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