secwatch.observer — SEC 8-K summary
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Issuer:     QT IMAGING HOLDINGS, INC. (QTI)
CIK:        0001844505
Form:       8-K
Filed at:   2023-06-26T23:59:59+00:00
Accession:  0001193125-23-175243
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GigCapital5 extends business combination deadline to July 28, 2023 with $100K sponsor loan
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- Sponsor deposited $100,000 into trust to extend deadline by one month to July 28, 2023.
- Aggregate principal under extension note increased to $1,360,000; repaid upon business combination.
- Additional $130,000 working capital loan from sponsor; total working capital note now $1,000,000.
- Working capital note convertible at $10/unit into private-placement-like units at sponsor's election upon business combination.
- Both notes are non-interest bearing and repayable upon consummation of initial business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844505/000119312523175243/0001193125-23-175243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844505/000119312523175243/d500788d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-175243

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