Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Class A common stock subject to possible redemption

As of December 31, 2025 and 2024, the Class A ordinary shares subject to possible redemption reflected on the consolidated balance sheet are reconciled in the following table:



Gross proceeds	$	200,000,000
Less:
Fair value of public warrants at issuance		(18,460,769	)
Ordinary share issuance costs		(1,208,380	)
Plus:
Accretion of carrying value to redemption value - period from May 8, 2024 (inception) through December 31, 2024		22,757,853
Class A ordinary shares subject to possible redemption, December 31, 2024		203,088,704
Plus:
Accretion of carrying value to redemption value - year ended December 31, 2025		8,448,606
Class A ordinary shares subject to possible redemption, December 31, 2025	$	211,537,310

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References + Details

GigCapital7 Corp. 10-K