Hadron Energy, Inc.HDRN
Cash in trust
$214M
$213,506,528
Trust per share
$10.68
Redemption value
IPO
Aug 2024
$200M raised
Combination deadline
—
Not disclosed
Filings on record
177
Latest Sep 15, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Sep 29, 2025
- Closed
- May 29, 2026
Overview
Hadron Energy, Inc. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0002023730. It completed its initial public offering in Aug 2024, raising $200M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker HDRN, warrants under HDRNW on Nasdaq. The vehicle is sponsored by GigAcquisitions7 through GigAcquisitions7 Corp. Business combination closed; the company trades under a new ticker.
“we intend to focus on companies in the technology, media, and telecommunications (TMT), artificial intelligence and machine learning (AI/ML), cybersecurity, medical technology and medical equipment (MedTech), semiconductors and sustainable industries.”
Reading the filings
Arithmetic on what Hadron Energy, Inc. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.68 per public share, 6.8% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Warrant coverage
Each unit carried one warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.
Underwriting
B. Riley Securities led the offering. It has been named on 62 SPAC IPOs, book-running 28 of them, and 64% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
177 filings in all. 30 in the last three months, against a busiest month of 23.
News on Hadron Energy, Inc.
Last 90 daysNews sentiment
NeutralAcross 3 recent stories, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.
SEC filing history
Free tier: filings older than 24 hours- 4
Statement of changes in beneficial ownership
Accession 0002133869-26-000003
- 4
Statement of changes in beneficial ownership
Accession 0002154199-26-000008
- 3
Initial statement of beneficial ownership
Accession 0002154199-26-000005
- 424B3
Prospectus supplement
Accession 0001193125-26-385333
- 8-K
Current report
Items 5.02, 9.01 · Accession 0001193125-26-385208
- 4
Statement of changes in beneficial ownership
Accession 0002133956-26-000003
- 4
Statement of changes in beneficial ownership
Accession 0001900919-26-000005
- 4
Statement of changes in beneficial ownership
Accession 0001451693-26-000017
- 424B3
Prospectus supplement
Accession 0001193125-26-352470
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001905106-26-000159
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001346554-26-000067
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000919574-26-005334
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-26-003583
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001167557-26-000218
- 4
Statement of changes in beneficial ownership
Accession 0001847202-26-000004
- 3
Initial statement of beneficial ownership
Accession 0001201110-26-000009
- 4
Statement of changes in beneficial ownership
Accession 0002035613-26-000003
- 4
Statement of changes in beneficial ownership
Accession 0002134547-26-000003
- 4
Statement of changes in beneficial ownership
Accession 0001201110-26-000007
- 4
Statement of changes in beneficial ownership
Accession 0001193125-26-349785
- 4
Statement of changes in beneficial ownership
Accession 0001451693-26-000015
- 4
Statement of changes in beneficial ownership
Accession 0001430575-26-000005
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001104659-26-095385
- 8-K
Regulation FD disclosure
Items 7.01, 9.01 · Accession 0001193125-26-346872
- 10-Q
Quarterly report
Accession 0001193125-26-346814
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000803012-26-000045
- 424B3
Prospectus supplement
Accession 0001193125-26-342726
- 8-K
Current report
Item 5.02 · Accession 0001193125-26-342682
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001628280-26-053944
- S-8
S-8
Accession 0001193125-26-330538
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Hadron Energy, Inc.: questions answered
What is Hadron Energy, Inc. (HDRN)?
Hadron Energy, Inc. is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0002023730. It completed its initial public offering in Aug 2024, raising $200M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker HDRN, warrants under HDRNW on Nasdaq. The vehicle is sponsored by GigAcquisitions7 through GigAcquisitions7 Corp. Business combination closed; the company trades under a new ticker.
How much does Hadron Energy, Inc. hold in trust?
Approximately $213,506,528, or about $10.68 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Hadron Energy, Inc. complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if Hadron Energy, Inc. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Hadron Energy, Inc., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.68 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does Hadron Energy, Inc. trade under?
Class A shares trade as HDRN on Nasdaq, and the warrants as HDRNW. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Hadron Energy, Inc.?
No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.68, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $0.75, a spread to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.
How much dilution do Hadron Energy, Inc.'s founder shares and warrants create?
Each unit also carried one warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Hadron Energy, Inc., and what is their track record?
GigAcquisitions7 Corp is the sponsor entity, part of the GigAcquisitions7 franchise. This is the only vehicle we have attributed to that sponsor.
Which banks underwrote the Hadron Energy, Inc. IPO?
B. Riley Securities, Dominari, EF Hutton, Craft Capital Management. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Hadron Energy, Inc. tradeable, and where?
Yes. HDRN returned a live quote of $0.75 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is Hadron Energy, Inc. a good investment?
That is not a question this site answers. Hadron Energy, Inc. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Hadron Energy, Inc. data come from?
Filings Hadron Energy, Inc. submitted to the SEC under CIK 0002023730: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 25, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
GigAcquisitions7: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
B. Riley Securities in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
All completed de-spac transactions
Business combination closed; the company trades under a new ticker.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.