QT IMAGING HOLDINGS, INC. (QTI): debt financing — GigCapital5 increases sponsor working capital loan to $262k for QT Imaging business combination

QT IMAGING HOLDINGS, INC.

Issued second non-convertible working capital note to sponsor for total $262,246.92, up from $66,360.
Note bears no interest and is repayable in full upon consummation of the business combination with QT Imaging.
Proceeds used for working capital to close the pending merger; not deposited into trust account.
Proxy statement supplemented to reflect the amended note; no change to annual meeting date or proposals.

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 loan of additional principal amount of $195,886.92 with GigAcquisitions5, LLC at bears no interest maturing repayable in full upon the consummation of a business combination.

Instrument: loan
Principal: additional principal amount of $195,886.92
Counterparty: GigAcquisitions5, LLC
Rate: bears no interest
Maturity: repayable in full upon the consummation of a business combination
Event: amendment

Exact text from the filing

On February 7, 2024, the Company amended and restated the First Non-Convertible Working Capital Note (the “Second Non-Convertible Working Capital Note”) to reflect an additional principal amount of $195,886.92 extended by the Sponsor to the Company for a collective principal amount under the Second Non-Convertible Working Capital Note of $262,246.92.

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Source: SEC EDGAR

accession 0001193125-24-026779

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