QT IMAGING HOLDINGS, INC. (QTI): debt financing — GigCapital5 receives $160K from sponsor to extend business combination deadline to March 28, 2023

QT IMAGING HOLDINGS, INC.

Sponsor deposited $160,000 into trust account, increasing extension note to $960,000 total.
Business combination deadline extended by one month to March 28, 2023.
Sponsor also provided $350,000 working capital loan, increasing working capital note to $675,000.
Working capital note is convertible at $10.00 per unit into private placement units upon business combination.
GigCapital5 has a pending business combination with QT Imaging, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

QT IMAGING HOLDINGS, INC. amended debt of $675,000 with GigAcquisitions5, LLC at bear no interest maturing repayable in full upon the consummation of a business combination.

Principal: $675,000
Counterparty: GigAcquisitions5, LLC
Rate: bear no interest
Maturity: repayable in full upon the consummation of a business combination
Event: amendment

Exact text from the filing

On February 27, 2023, the Company further amended and restated the Working Capital Note (the “Fifth Restated Working Capital Note”) to reflect an additional principal amount of $350,000 extended by the Sponsor to the Company for a collective principal amount under the Fifth Restated Working Capital Note of $675,000.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

QT IMAGING HOLDINGS, INC. amended debt of $960,000 with GigAcquisitions5, LLC at bear no interest maturing repayable in full upon the consummation of a business combination.

Principal: $960,000
Counterparty: GigAcquisitions5, LLC
Rate: bear no interest
Maturity: repayable in full upon the consummation of a business combination
Event: amendment

Exact text from the filing

On February 27, 2023, the Company further amended and restated the Extension Note (the “Fifth Restated Extension Note”) to reflect an additional principal amount of $160,000 extended by the Sponsor to the Company for a collective principal amount under the Fifth Restated Extension Note of $960,000.

View on SEC.gov

8 debt financings filed in the last 30 days. Browse all debt financings →

QT IMAGING HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-050824

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