Hadron Energy, a developer of micro-modular reactor technology, announced updated terms for its planned business combination with GigCapital7 Corp., including a revised pro-forma equity valuation of approximately $600 million. The adjustment reflects current public market conditions and the company’s strategy to prioritize long-term credibility and investor alignment as it prepares to go public.
The milestone follows the U.S. Securities and Exchange Commission declaring effective the Form S-4 registration statement tied to the transaction on April 15, 2026. This clears the way for GigCapital7’s shareholder vote scheduled for May 7, 2026, a key step toward completing the merger and listing Hadron on the Nasdaq under the ticker symbol “HDRN.”
Alongside the valuation reset, Hadron completed approximately $7.5 million in pre-IPO financing through SAFE notes, backed by strategic investors aligned with the company’s commercial roadmap. The funding strengthens Hadron’s balance sheet and supports continued development efforts as it approaches the public markets.
The revised valuation comes amid broader recalibration across the advanced nuclear and small modular reactor sector, where public market comparables have declined from late-2025 highs. Hadron and GigCapital7 opted to proactively adjust terms following extensive discussions with institutional investors during recent financing roadshows.
Operationally, Hadron continues to build momentum. The company recently partnered with Paragon Energy Solutions, a unit of Mirion Technologies, to develop instrumentation and control systems for its Halo micro-modular reactor. It also signed a memorandum of understanding with Smartland Energy, LLC to explore deployment across multiple power projects, signaling growing commercial traction.
Hadron’s Halo reactor is designed to generate 10 MWe of power and be factory-fabricated and truck-transportable, targeting use cases such as AI data centers, industrial facilities, and remote energy applications. The company is also advancing regulatory engagement with the Nuclear Regulatory Commission as it works toward licensing milestones.
Upon closing, the combined company aims to establish a strong institutional shareholder base, maximize available capital, and position itself for long-term value creation in the emerging micro-modular nuclear market.
KEY QUOTES:
“We are building Hadron for the long term, and that means making decisions that prioritize credibility over optics. The advanced nuclear market has undergone a healthy and necessary value reset. We believe the right response is not to resist that reset but to lead through it. By entering the public markets at a valuation that reflects current conditions and an attractive entry point, we are sending a clear signal to investors: Hadron is fully attuned to market realities, disciplined in its capital planning, and focused on execution.”
“Filing and mailing the final prospectus/proxy statement to GigCapital7’s shareholders is a decisive moment. With the Form S-4 now effective, Hadron is positioned to complete its transition to the public markets on a known and executable timeline. Combined with our recalibrated valuation and continued commercial and technical progress, we are entering this final phase of the deSPAC process with clarity, momentum, and the full confidence of our partners and investors.”
Sam Gibson, Founder & CEO, Hadron Energy
“With the Form S-4 now effective and a clear path to closing in front of us through the shareholders meeting that is scheduled for May 7, 2026, GigCapital7 holds its excitement for the opportunity to be part of the MMR industry and remains fully committed to Hadron through the deSPAC and in supporting the Company’s long-term success in the public markets. This valuation adjustment is a strategic decision that reflects our collective commitment to delivering a transaction that closes with strength, raises the capital the Company needs, and establishes a foundation of trust with long-term institutional investors. We are sure that proceeding to a final prospectus/proxy statement and realigning the valuation of Hadron in the same window sends a simple, decisive message to the market.”
Dr. Avi Katz, Chairman & CEO, GigCapital7 Corp.
