Oil prices rise on US-China trade progress, supply jitters persist
Investing.com -- Hadron Energy has reached an agreement to go public through a merger with special purpose acquisition company GigCapital7.
The transaction values Hadron Energy at $1.2 billion, with existing Hadron security holders receiving 100 million shares of GigCapital7 stock.
The business combination is expected to provide $200 million in proceeds after transaction expenses from cash currently held in GigCapital7’s trust account, assuming no redemptions.
Hadron plans to use these funds to accelerate product development and commercial deployment of its technology, as well as to pay expenses related to the transaction.
The merger is anticipated to be completed during the first half of the first quarter of 2026. Following the completion, the combined company is expected to be listed on a U.S. national exchange under the ticker symbol "HDRN."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.