Dinu Raluca 4

What Happened
Avi S. Katz (listed as a 10% owner; GigCapital7's CEO and Chair) is the beneficial recipient of a convertible promissory note issued by GigCapital7 on April 16, 2026. The Note promises $293,000 to the Sponsor and may be converted into 29,300 units. Each unit consists of one Class A ordinary share and one warrant to purchase one Class A ordinary share — i.e., the conversion could result in 29,300 Class A shares plus warrants to buy an additional 29,300 Class A shares upon the consummation of the business combination. The filing records two parallel derivative/award entries reflecting the shares and the related warrants.

Key Details

• Transaction date: April 16, 2026. Transaction code: A (Grant/Award/Acquisition).
• Economic terms: $293,000 principal convertible into 29,300 units (one Class A share + one warrant per unit). Price per share/warrant not listed (N/A).
• Shares/warrants acquired: Convertible into 29,300 Class A ordinary shares and warrants to purchase 29,300 additional Class A shares.
• Shares owned after transaction: Not specified in this filing.
• Notable footnotes: The conversion and warrants follow the Issuer’s S‑1 “Description of Securities” terms; the transaction is described as exempt under Rule 16b‑3. The Note is payable on the earlier of the closing of an initial business combination or winding up; payee may elect conversion at closing or earlier.
• Beneficial ownership structure: The Note was acquired by the Sponsor (GigAcquisitions7 Corp.); the Sponsor’s shares are beneficially owned by Dr. Katz and Dr. Raluca Dinu, the Sponsor’s sole members.

Context
This filing reflects a derivative/convertible-note transaction (award of a convertible instrument) rather than a cash market buy or sale of listed shares. If converted, the instrument delivers both shares and warrants (leverage via warrants). Such awards are often part of sponsor financing and do not by themselves indicate a buy/sell sentiment in the open market.