Hadron Energy, Inc. HDRN
We are a blank check company incorporated on May 8, 2024, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. GigCapital7 has neither engaged in any operations other than in connection with the transactions contemplated by the Business Combination Agreement (such transactions, the "Transactions") nor generated any operating revenues to date.
Our efforts to identify a prospective target business have not been limited to a particular industry or geographic region, although we focused on companies in the technology, media, and telecommunications ("TMT"), artificial intelligence and machine learning ("AI/ML"), cybersecurity, medical technology and medical equipment ("MedTech"), semiconductor and sustainable industries. We intend to effectuate our initial business combination using cash from the proceeds of our initial public offering and the sale of the private placement warrants, our common equity or any preferred equity that we may create in accordance with the terms of our charter documents, debt, or a combination of cash, common or preferred equity and debt.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $0 | — | — |
| SG&A | $3.3M | — | — |
| Operating income | -$3.3M | — | — |
| Interest expense | $710 | — | — |
| Pre-tax income | $3.8M | — | — |
| Income tax | $0 | — | — |
| Net income | $3.8M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $89.4K | $1.3M | $0 |
| Total current assets | $240.7K | $1.6M | — |
| Total assets | $211.9M | $204.8M | — |
| Accounts payable | $170.8K | $25.4K | — |
| Total current liabilities | $2.1M | $173.5K | — |
| Total liabilities | $3.6M | $415.2K | — |
| Retained earnings | -$3.3M | $1.3M | — |
| Total equity | -$3.3M | $1.3M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | -$1.2M | — | — |
| Investing cash flow | $0 | — | — |
| Financing cash flow | -$75.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-151242.
Others in SIC 4911
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| D | DOMINION ENERGY, INC | $57.90B | 19.1x | 16.5% |
| VST | Vistra Corp. | $50.11B | 68.5x | 19.1% |
| DTE | DTE ENERGY CO | $28.31B | 19.4x | — |
| FE | FIRSTENERGY CORP | $27.05B | 26.6x | 12.0% |
| ES | EVERSOURCE ENERGY | $26.76B | 15.6x | 14.3% |