QT IMAGING HOLDINGS, INC. (QTI): debt financing — GigCapital5 extends business combination deadline to June 28, 2023 with additional $100K sponsor loan

QT IMAGING HOLDINGS, INC.

Sponsor deposited $100,000 into trust account to extend combination period by one month.
Amended promissory note now totals $1,260,000 aggregate principal (includes nine prior monthly contributions).
New deadline for business combination is June 28, 2023 (24 months from IPO closing).
Note is non-convertible, unsecured, interest-free, repayable upon consummation of initial 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 0.9

QT IMAGING HOLDINGS, INC. amended debt of $1,260,000 with GigAcquisitions5, LLC at bears no interest maturing upon the consummation of a business combination.

Principal: $1,260,000
Counterparty: GigAcquisitions5, LLC
Rate: bears no interest
Maturity: upon the consummation of a business combination
Event: amendment

Exact text from the filing

On May 25, 2023, the Company further amended and restated the Extension Note (the “Eighth 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 Eighth Restated Extension Note of $1,260,000.

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QT IMAGING HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-154824

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