Meteora Capital, LLC Acquires 9.95% Passive Stake in GigCapital7 Corp. (GIG)

On May 15, 2026, Meteora Capital, LLC, and its Managing Member, Vik Mittal, filed a Schedule 13G with the SEC, disclosing a significant new stake in GigCapital7 Corp. (GIG). As of the event date on March 31, 2026, the reporting persons beneficially own 1,990,712 shares of Class A Common Stock, representing a 9.95% ownership interest in the company. This filing marks a new position for the investment manager, as the previous ownership percentage was reported as 0.0%. The shares are held by various funds and managed accounts (the "Meteora Funds") for which Meteora Capital serves as the investment manager. The filing indicates that the reporting persons share voting and dispositive power over the entire 1,990,712 shares. According to the certification in Item 10, these securities were acquired in the ordinary course of business and were not intended to influence or change the control of the issuer. This passive investment strategy is consistent with the Rule 13d-1(b) designation under which the schedule was filed.