GigCapital7 Corp.(GIGGU) - 2025 Q1 - Quarterly Report

Financial Performance - For the three months ended March 31, 2025, the company reported a net income of $1,618,274, with operating expenses of $371,833 and interest income of $2,103,979[88]. - Cash used in operating activities for the three months ended March 31, 2025, was $417,754, influenced by interest earned and changes in prepaid expenses and liabilities[92]. - The company has not engaged in any operations or generated revenues to date, focusing solely on organizational activities and preparing for the Offering[87]. Cash and Securities - As of March 31, 2025, the company held cash and marketable securities amounting to $205,292,683 in the Trust Account, primarily consisting of money market funds[91]. - The net proceeds from the sale of public units in the Offering amounted to $198,680,082 after deducting offering expenses of approximately $1,319,918[89]. - Funds held in the Trust Account are invested solely in U.S. government treasury bills, bonds, or notes with a maturity of 185 days or less[105]. Future Plans and Expenses - The company intends to use substantially all funds in the Trust Account to acquire target businesses and cover related expenses[93]. - The company expects to incur increased expenses due to public company compliance requirements and due diligence efforts[86]. Debt and Liabilities - As of March 31, 2025, the company had no long-term debt or significant liabilities, apart from monthly fees for administrative services[98]. - The company has 20,000,000 Class A ordinary shares subject to possible redemption, classified as temporary equity[103]. Risk Management - As of March 31, 2025, the company was not subject to any market or interest rate risk[105]. - The company believes there will be no associated material exposure to interest rate risk due to the short-term nature of these investments[105]. - The company generated non-operating income from interest on cash and marketable securities, with no significant changes in financial position since the last audited balance sheet[87].