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

QT IMAGING HOLDINGS, INC.

Sponsor advanced $100k additional loan; aggregate promissory note principal now $1,560,000.
Deadline to consummate a business combination extended one month to September 28, 2023.
Loan is non-convertible, unsecured, interest-free, repayable upon closing of combination.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

QT IMAGING HOLDINGS, INC. incurred debt of $100,000 additional principal, aggregate principal $1,560,000 with GigAcquisitions5, LLC at no interest maturing repayable in full upon consummation of a business combination.

Principal: $100,000 additional principal, aggregate principal $1,560,000
Counterparty: GigAcquisitions5, LLC
Rate: no interest
Maturity: repayable in full upon consummation of a business combination
Event: incurrence

Exact text from the filing

On August 28, 2023, the Company further amended and restated the Extension Note (the “Eleventh 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 Eleventh Restated Extension Note of $1,560,000.

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QT IMAGING HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-222653

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