Hadron Energy has announced it has entered a definitive business combination agreement with GigCapital7, a special purpose acquisition company (SPAC) listed on NASDAQ. Upon closing, targeted for early 2026, the combined company—expected to trade under the ticker “HDRN”—will focus on deploying Hadron’s light water micro modular reactor (MMR) for high-growth energy markets, including data centers.
The Hadron MMR utilizes light water reactor technology and is designed to deliver 10 megawatts of electricity and 35 megawatts of thermal heat over a 10-year fueling cycle. Key technical features include a reactor core and containment shell that can be shipped in standard shipping containers, supporting rapid deployment and a small physical footprint compared to conventional energy solutions. The modular architecture enables multiple units to be connected for scalable applications. Hadron claims its reactor is lighter, smaller, and faster to deploy than traditional small modular reactors (SMRs), and can operate on a fraction of the land required by wind and solar installations.
Hadron states its MMR technology is specifically engineered to address increasing electricity demand from data centers, artificial intelligence workloads, and other critical infrastructures where rapid energy scaling is required. Current projections from the International Energy Agency, cited by Hadron, estimate AI-driven data center demand could more than quadruple by 2030. The company has reported engagement at the letter of intent stage with more than six potential customers, including entities in the data center, industrial, and government sectors.
Hadron has submitted its Letter of Intent to the US Nuclear Regulatory Commission (NRC) and filed a Regulatory Engagement Plan and Quality Assurance Program Description, beginning pre-application activities aimed at regulatory approval. The Hadron management team has, according to the announcement, over 140 years of combined experience across nuclear engineering and project oversight.
On completion of the transaction, Hadron security holders will receive 100 million shares of GIG stock, valuing Hadron at approximately $1.2 billion. The combined entity is slated to have access to roughly $200 million in cash from the GIG trust account, subject to transaction expenses and shareholder redemptions. Hadron’s executive team will remain in place following the merger.
For further information, additional filings will be available via the US Securities and Exchange Commission as the transaction develops.
Source: Hadron Energy
