GigCapital7 Corp. Reports Net Income of $1.54M for Q2 2025, Seeks Business Combination

GigCapital7 Corp. has reported its financial results for the second quarter of 2025, revealing a net income of $1,544,026 for the three months ending June 30, 2025, compared to a net loss of $64,401 during the same period in the previous year. For the first half of 2025, the company recorded a net income of $3,162,300, significantly improving from the loss of $64,401 reported for the period from its inception on May 8, 2024, through June 30, 2024. The income primarily stemmed from interest earned on cash and marketable securities held in the Trust Account, amounting to $2,130,352 for the quarter and $4,234,331 for the six-month period.

The company’s total assets as of June 30, 2025, stood at $208,260,475, a slight increase from $204,826,596 at the end of 2024. The Trust Account, which holds the proceeds from the company’s initial public offering (IPO), contained $207,423,035, reflecting a modest increase from $203,188,704 at the end of the previous fiscal year. However, GigCapital7's cash reserves outside the Trust Account decreased to $610,700 from $1,344,228 at the end of 2024, indicating a need for careful cash management as the company continues to pursue its business combination strategy.

Operationally, GigCapital7 has not yet engaged in any business activities or generated revenue, as it remains focused on identifying a target for its business combination. The company has incurred general and administrative expenses of $384,593 for the quarter and $756,426 for the six months, reflecting the costs associated with being a public entity and preparing for future operations. The company’s liabilities increased to $686,801 from $415,222 at the end of 2024, primarily due to a rise in warrant liabilities, which reached $557,850.

Looking ahead, GigCapital7 Corp. is actively seeking a business combination target and plans to utilize the funds held in the Trust Account for this purpose. The company has 21 months from the closing of its IPO to complete a business combination, or it will be required to liquidate and return the funds to shareholders. Management has indicated that while they expect to incur significant costs in pursuit of acquisition opportunities, they are committed to identifying a suitable target that aligns with their strategic objectives. The company’s ability to successfully execute its plans remains contingent on market conditions and the identification of a viable business combination.