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Hadron Energy Set for Nasdaq Debut Following GigCapital7 Merger

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Hadron Energy is set to debut on Nasdaq on Tuesday, following the completion of its merger with special purpose acquisition company GigCapital7.

GigCapital7 will cease trading under the ticker "GIG" as part of the transition. The merged entity, operating under the name Hadron Energy, will debut on the Nasdaq under the new ticker "HDRN," with its warrants listing under "HDRNW."

Under the terms of the deal, existing GigCapital7 units will be separated into their constituent parts, one share of common stock and one warrant. The units themselves will no longer trade as a single security.

Hadron Energy is a developer of micro modular reactor technology. Its flagship "Halo MMR" system is designed to deliver 10 megawatts of continuous electric power, and is positioned as a smaller, lower-cost and faster-to-deploy alternative to conventional nuclear power solutions.

The companies didn't disclose the financial terms of the transaction.

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