• Business Combination Facilitation: Hadron Energy's primary service is to identify and complete a merger, acquisition, or other business combination with one or more private operating businesses, bringing them public.

Hadron Energy (HDRN) is a Special Purpose Acquisition Company (SPAC). As a blank check company, it has not yet completed a business combination and does not operate any business that sells products or services. Therefore, it does not currently have any major customers.

Samuel Gibson, Chief Executive Officer

Samuel Gibson is the Founder and Chief Executive Officer of Hadron Energy.

Rahul Shukla, Chief Financial Officer

Rahul Shukla previously served as Chief Accounting Officer at Stem, Inc., a publicly traded clean-energy software company, where he oversaw global accounting teams, led audit and SOX remediation efforts, managed complex technical accounting matters, and supported a $700 million acquisition integration. He also held senior finance leadership roles at Natera, Inc. and eHealth, Inc., supporting multiple public offerings that raised over $1.6 billion in capital.

Dr. Avi Katz, Executive Chairman

Dr. Avi Katz is the Founder, Chairman, and CEO of GigCapital Global and serves as Executive Chairman of Hadron Energy Inc. A serial entrepreneur and angel investor with nearly 40 years of experience, Dr. Katz founded GigOptix, a fabless semiconductor company, took it public on the NYSE in 2011, and grew it through ten strategic acquisitions before selling it in 2017 for $250 million to Integrated Device Technology. Integrated Device Technology was later acquired by Renesas for $6.7 billion. Following this, Dr. Katz launched GigCapital Global, a Private-to-Public Equity platform utilizing the SPAC methodology, and has since deployed nine vehicles on Nasdaq and NYSE.

Ken Canavan, Chief Operating Officer

Ken Canavan brings nearly four decades of experience in nuclear operations and advanced reactor development to Hadron Energy. He most recently served as President and CEO of E4 Carolinas. Prior to that, he was Chief Technology Officer and Vice President of Nuclear Technology at Westinghouse Electric Company, where he led the Global Technology Office and oversaw major innovation programs, including the eVinci Microreactor program. Earlier in his career, he spent over 15 years at the Electric Power Research Institute (EPRI) as Director of Nuclear Plant Technology.

Dr. Raluca Dinu, Director

Dr. Raluca Dinu is a Managing Partner at GigCapital Global and a Director of Hadron Energy. She held a General Manager/Vice President position at Integrated Device Technology, Inc., which was acquired by Renesas Electronics Corp for $6.7 billion. Prior to this, she was Chief Operations Officer of GigPeak, where she led 10 mergers and acquisitions before its acquisition by Integrated Device Technology in April 2017.

The key risks for Hadron Energy (HDRN) are primarily associated with its nature as a Special Purpose Acquisition Company (SPAC) that has not yet identified a target business combination.

1. Failure to complete an initial business combination: Hadron Energy is a blank check company formed for the purpose of effecting a business combination. The company has not yet selected any specific business combination target, and its efforts to date have been limited to organizational activities. If Hadron Energy is unable to identify and successfully complete an initial business combination within the timeframe specified in its organizational documents (typically a fixed period, though not explicitly stated in the background, it's a standard SPAC feature), it would likely be forced to liquidate and return the funds held in trust to its public shareholders, potentially at a loss.
2. Difficulty in identifying and acquiring a suitable target business: The company's success is dependent on its ability to identify and consummate an initial business combination with one or more businesses. While Hadron Energy intends to focus on specific industries (TMT, AI/ML, cybersecurity, MedTech, semiconductors, and sustainable industries) and leverage its management team's experience, there is no guarantee that it will be able to locate a suitable acquisition candidate or successfully negotiate and complete a transaction. The market for attractive target businesses can be highly competitive, and potential targets may prefer to remain private, pursue alternative transactions, or seek combinations with other SPACs or strategic buyers.

Share Issuance

• GigCapital7 Corp. (the SPAC that merged with Hadron Energy) completed its initial public offering in August 2024, raising $200 million.
• Upon the closing of the business combination on May 22, 2026, 71,498,842 shares of common stock of Hadron Energy, Inc. were outstanding.

Inbound Investments

• Hadron Energy Operating Company (the private entity prior to the merger) secured $7.5 million in pre-IPO equity financing through Simple Agreements for Future Equity (SAFE) notes.
• The business combination brought approximately $31 million in cash to Hadron Energy at closing, derived from trust funds and SAFE bridge financing.

Capital Expenditures

• Hadron Energy is focused on developing factory-fabricated, transportable 10 megawatt-electric (MWe) micro-modular reactors (MMRs) and has secured a Uranium Conversion Services Agreement with ConverDyn to ensure domestic fuel supply for its Halo Micro-Modular Reactor.
• The company also has a non-binding Memorandum of Understanding with Smartland Energy, LLC, for the potential deployment of its Halo MMR technology across up to five projects.