GigCapital7, Hadron Energy To Explore Financing Options Following $1.2 Billion Business Combination Announcement

GigCapital7 Corp. (GIG) on Wednesday announced that, along with Hadron Energy, it will conduct meetings with the investment community to explore financing options in furtherance of its business combination with the latter.

In a filing with the U.S. Securities and Exchange Commission (SEC), GigCapital7 stated that it is contemplating a private capital raise. It is considering this fundraise through the issuance of simple agreements for future equity (SAFE) via one or more private placements.

This comes after Hadron Energy announced in September that it would go public via a business combination with GigCapital7. Hadron Energy is an emerging nuclear energy company that specializes in micro modular reactor (MMR) development, design, and research.

GigCapital7’s shares were up nearly 5% in Wednesday morning’s trade. Retail sentiment on Stocktwits around the company trended in the ‘extremely bullish’ territory, and GigCapital7 was among the top trending equity tickers on the platform at the time of writing.

In its announcement, Hadron Energy said the company expects the business combination to result in approximately $200 million in net proceeds after transaction expenses. It said it intends to use the proceeds to accelerate product development and commercial deployment of Hadron’s technology, as well as to pay transaction expenses.

The business combination is expected to close in 2026, subject to regulatory approvals. The combined company is expected to be listed on a U.S. stock exchange under the symbol “HDRN.”

“With Hadron’s MMR technology, we are unlocking a new era of clean nuclear energy in a safe, scalable, and versatile way,” said Samuel Gibson, founder and CEO at Hadron Energy.

GIG stock is up 22% year-to-date and 23% over the past 12 months.

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