QT IMAGING HOLDINGS, INC. (QTI): debt financing — GigCapital5 Amends Promissory Notes, Extends Business Combination Deadline to May 28, 2023

QT IMAGING HOLDINGS, INC.

Received $100,000 from sponsor to extend business combination period, increasing extension note to $1,160,000.
Received additional $65,000 working capital loan from sponsor, bringing working capital note to $870,000.
Business combination deadline extended to May 28, 2023, following March stockholder approval.
Working capital note convertible at $10.00 per unit into private placement units upon business combination.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

QT IMAGING HOLDINGS, INC. incurred debt of $1,160,000 with GigAcquisitions5, LLC at bear no interest maturing upon the consummation of a business combination.

Principal: $1,160,000
Counterparty: GigAcquisitions5, LLC
Rate: bear no interest
Maturity: upon the consummation of a business combination
Event: incurrence

Exact text from the filing

the Company further amended and restated the Extension Note (the “Seventh Restated Extension Note”) to reflect an additional principal amount of $100,000 extended by the Sponsor to the Company for a collective principal amount under the Seventh Restated Extension Note of $1,160,000.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

QT IMAGING HOLDINGS, INC. incurred convertible notes of $870,000 with GigAcquisitions5, LLC at bear no interest maturing upon the consummation of a business combination.

Instrument: convertible notes
Principal: $870,000
Counterparty: GigAcquisitions5, LLC
Rate: bear no interest
Maturity: upon the consummation of a business combination
Event: incurrence

Exact text from the filing

the Company further amended and restated the Working Capital Note (the “Seventh Restated Working Capital Note”) to reflect an additional principal amount of $65,000 extended by the Sponsor to the Company for a collective principal amount under the Seventh Restated Working Capital Note of $870,000.

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

QT IMAGING HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-122475

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