MergerMay 28, 2026, 06:07 AM
Hadron Energy Completes SPAC Merger, Lists on Nasdaq as 'HDRN'
AI Summary
Hadron Energy, Inc. (formerly GigCapital7 Corp.) announced the successful completion of its business combination on May 22, 2026. The combined company, now trading on Nasdaq under the symbols "HDRN" and "HDRNW", secured approximately $31 million in total funding, with $24.5 million cash on its balance sheet after transaction expenses. This transaction establishes Hadron Energy as the first publicly traded light-water micro-modular nuclear reactor company, with a pro-forma equity valuation of approximately $766 million.
Key Highlights
- Business combination between GigCapital7 and Hadron Energy completed on May 22, 2026.
- GigCapital7 renamed Hadron Energy, Inc.; common stock (HDRN) and warrants (HDRNW) began trading on Nasdaq.
- Secured approximately $31 million in total funding, with $24.5 million cash on balance sheet post-expenses.
- Achieved a pro-forma equity valuation of approximately $766 million at closing.
- 84% of GigCapital7 public shares (16,834,491 shares) redeemed for $180.3 million.
- 71,498,842 shares of common stock outstanding immediately after the Business Combination.
- Hadron Energy is the first publicly traded light-water micro-modular nuclear reactor company.
- Strategic collaboration with Smartland Energy for up to 1.8 GWe aggregate capacity demand.
Price Impact
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