Associated tags: Telecommunications, Automation, GIA, Professional Services, Finance, Bank, SPAC, Accounting, Interest on Lawyer Trust Accounts, Banking, Trust, NYSE
Locations: UNITED STATES, NORTH AMERICA, CALIFORNIA, SPAC
Retrieved on:
Thursday, February 29, 2024
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Management GigCapital5, Inc. (“GigCapital5”; Nasdaq: GIA), a Private-to-Public Equity (PPE)™ entity also known as special purpose acquisition company (“SPAC”), today announced that the completion of their previously announced business combination (the “Business Combination”) with QT Imaging, Inc. (“QT Imaging”), a technology company engaged in an innovative automated breast imaging system producing high-resolution transmission ultrasound images, will take place on March 4, 2024.
Key Points:
- GigCapital5, Inc. (“GigCapital5”; Nasdaq: GIA), a Private-to-Public Equity (PPE)™ entity also known as special purpose acquisition company (“SPAC”), today announced that the completion of their previously announced business combination (the “Business Combination”) with QT Imaging, Inc. (“QT Imaging”), a technology company engaged in an innovative automated breast imaging system producing high-resolution transmission ultrasound images, will take place on March 4, 2024.
- Upon completion of the Business Combination, the combined company will change its name to QT Imaging Holdings, Inc. (“QT Imaging Holdings”).
- QT Imaging is a medical device company engaged in the research, development and commercialization of innovative body imaging systems using low energy sound.
- Brown Rudnick LLP is serving as legal counsel and BPM LLP is serving as auditor to QT Imaging.
Retrieved on:
Thursday, February 22, 2024
GigCapital5, Inc. (“GigCapital5”) (NASDAQ: GIA) today announced that at the Annual Meeting of GigCapital5’s stockholders (the “Annual Meeting”) held on February 20, 2024, GigCapital5’s stockholders voted to approve the previously announced proposed business combination between GigCapital5, QT Imaging, Inc. (“QT Imaging”) and QTI Merger Sub, Inc. (“Merger Sub”), as well as all other proposals related to the Business Combination.
Key Points:
- GigCapital5, Inc. (“GigCapital5”) (NASDAQ: GIA) today announced that at the Annual Meeting of GigCapital5’s stockholders (the “Annual Meeting”) held on February 20, 2024, GigCapital5’s stockholders voted to approve the previously announced proposed business combination between GigCapital5, QT Imaging, Inc. (“QT Imaging”) and QTI Merger Sub, Inc. (“Merger Sub”), as well as all other proposals related to the Business Combination.
- GigCapital5 plans to file the results of the Annual Meeting, as tabulated by an independent inspector of elections, on Form 8-K with the Securities and Exchange Commission today.
Retrieved on:
Friday, December 29, 2023
GigCapital5, Inc. (“GigCapital5” or the “Company”) (NASDAQ: GIA), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that on December 28, 2023, its stockholders approved an extension of the date by which it has to consummate a business combination, allowing the Company to extend such date one (1) time from December 28, 2023 until March 31, 2024 (the extension, the “Extension”).
Key Points:
- GigCapital5, Inc. (“GigCapital5” or the “Company”) (NASDAQ: GIA), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that on December 28, 2023, its stockholders approved an extension of the date by which it has to consummate a business combination, allowing the Company to extend such date one (1) time from December 28, 2023 until March 31, 2024 (the extension, the “Extension”).
Retrieved on:
Tuesday, October 31, 2023
GigCapital5, Inc. (“Company” or “GigCapital5”) (NASDAQ: GIA) today announced that it amended and restated the existing working capital promissory note issued to GigAcquisitions5, LLC (“Sponsor”) to include the additional loan amount of $381,360, so the aggregate principal amount under such working capital promissory note was increased to the total of $1,446,360.
Key Points:
- GigCapital5, Inc. (“Company” or “GigCapital5”) (NASDAQ: GIA) today announced that it amended and restated the existing working capital promissory note issued to GigAcquisitions5, LLC (“Sponsor”) to include the additional loan amount of $381,360, so the aggregate principal amount under such working capital promissory note was increased to the total of $1,446,360.
- The promissory note is non-interest bearing and may be converted at the Sponsor’s election upon the consummation of the initial business combination into units identical to the private placement units issued in connection with the Company’s initial public offering at a price of $10.00 per unit.
Retrieved on:
Friday, September 29, 2023
GigCapital5, Inc. (“GigCapital5” or the “Company”) (NASDAQ: GIA), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its stockholders approved an extension of the date by which it has to consummate a business combination, allowing the Company to extend such date one (1) time from September 28, 2023 (the date which is 24 months from the closing date of GigCapital5’s initial public offering) until December 31, 2023 (the extension, the “Extension”).
Key Points:
- GigCapital5, Inc. (“GigCapital5” or the “Company”) (NASDAQ: GIA), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its stockholders approved an extension of the date by which it has to consummate a business combination, allowing the Company to extend such date one (1) time from September 28, 2023 (the date which is 24 months from the closing date of GigCapital5’s initial public offering) until December 31, 2023 (the extension, the “Extension”).
Retrieved on:
Friday, September 22, 2023
Professional Services,
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GIA GigCapital5, Inc. (“GigCapital5” or the “Company”) (NASDAQ: GIA) today announced that pursuant to the terms of the Settlement Agreement (the “Settlement Agreement”) that GigCapital5, QT Imaging, Inc., a Delaware corporation (“QT Imaging”), and the John C. Klock, Jr. and Cynthia L. Klock Trust Dated 7/27/07 (the “Klock Trust”) entered into on September 21, 2023, QT Imaging intends to enter into Non-Redemption Agreements (the “Non-Redemption Agreement”) with non-affiliate stockholders of GigCapital5 common stock (“GigCapital5 Shares”) and agrees to issue immediately prior to the closing (the “Closing”) of the Business Combination (as defined below) that number of shares of QT Imaging common stock (the “QTI Bonus Shares”) that, following conversion upon the Closing into GigCapital5 Shares to be registered in the registration statement on Form S-4 (together with all amendments, the “Registration Statement”), as initially filed with Securities and Exchange Commission (the “SEC”) on February 14, 2023, will equal 0.15 GigCapital5 Shares per GigCapital5 Share that such holders agree not to redeem in connection with the upcoming special meeting of stockholders of GigCapital5 scheduled for September 28, 2023 (the “Special Meeting”).
Key Points:
- GigCapital5, Inc. (“GigCapital5” or the “Company”) (NASDAQ: GIA) today announced that pursuant to the terms of the Settlement Agreement (the “Settlement Agreement”) that GigCapital5, QT Imaging, Inc., a Delaware corporation (“QT Imaging”), and the John C. Klock, Jr. and Cynthia L. Klock Trust Dated 7/27/07 (the “Klock Trust”) entered into on September 21, 2023, QT Imaging intends to enter into Non-Redemption Agreements (the “Non-Redemption Agreement”) with non-affiliate stockholders of GigCapital5 common stock (“GigCapital5 Shares”) and agrees to issue immediately prior to the closing (the “Closing”) of the Business Combination (as defined below) that number of shares of QT Imaging common stock (the “QTI Bonus Shares”) that, following conversion upon the Closing into GigCapital5 Shares to be registered in the registration statement on Form S-4 (together with all amendments, the “Registration Statement”), as initially filed with Securities and Exchange Commission (the “SEC”) on February 14, 2023, will equal 0.15 GigCapital5 Shares per GigCapital5 Share that such holders agree not to redeem in connection with the upcoming special meeting of stockholders of GigCapital5 scheduled for September 28, 2023 (the “Special Meeting”).
GigCapital5, Inc. (“GigCapital5” or the “Company”) (NASDAQ: GIA), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its Trust Account has been funded with a $100,000 payment, extending the date by which it has to consummate a business combination by an additional one (1) month period until September 28, 2023.
Key Points:
- GigCapital5, Inc. (“GigCapital5” or the “Company”) (NASDAQ: GIA), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its Trust Account has been funded with a $100,000 payment, extending the date by which it has to consummate a business combination by an additional one (1) month period until September 28, 2023.
- In consideration for the deposit, the Company has amended and restated the existing unsecured non-convertible interest free promissory note to include the additional loan amount, so the aggregate principal amount under such promissory note was increased to the total of $1,560,000.
- Such principal amount will be repaid in connection with the closing of GigCapital5’s initial business combination.
In consideration for the deposit, the Company has amended and restated the existing unsecured non-convertible interest free promissory note to include the additional loan amount, so the aggregate principal amount under such promissory note was increased to the total of $1,460,000.
Key Points:
- In consideration for the deposit, the Company has amended and restated the existing unsecured non-convertible interest free promissory note to include the additional loan amount, so the aggregate principal amount under such promissory note was increased to the total of $1,460,000.
- Such principal amount will be repaid in connection with the closing of GigCapital5’s initial business combination.
- In addition, on July 25, 2023, the Company amended and restated the existing working capital promissory note issued to the Sponsor to include the additional loan amount of $65,000, so the aggregate principal amount under such working capital promissory note was increased to the total of $1,065,000.
- The promissory note is non-interest bearing and may be converted at the Sponsor’s election upon the consummation of the initial business combination into units identical to the private placement units issued in connection with the Company’s initial public offering at a price of $10.00 per unit.
Such principal amount will be repaid in connection with the closing of GigCapital5’s initial business combination.
Key Points:
- Such principal amount will be repaid in connection with the closing of GigCapital5’s initial business combination.
- As a result of the deposits into the Trust Account, the period of time that GigCapital5 has to consummate a business combination has been extended to July 28, 2023.
- In addition, on June 26, 2023, the Company amended and restated the existing working capital promissory note issued to the Sponsor to include the additional loan amount of $130,000, so the aggregate principal amount under such working capital promissory note was increased to the total of $1,000,000.
- The promissory note is non-interest bearing and may be converted at the Sponsor’s election upon the consummation of the initial business combination into units identical to the private placement units issued in connection with the Company’s initial public offering at a price of $10.00 per unit.
GigCapital5, Inc. (“GigCapital5” or the “Company”) (NASDAQ: GIA), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its Trust Account has been funded with a $100,000 payment, extending the date by which it has to consummate a business combination by an additional one (1) month period.
Key Points:
- GigCapital5, Inc. (“GigCapital5” or the “Company”) (NASDAQ: GIA), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its Trust Account has been funded with a $100,000 payment, extending the date by which it has to consummate a business combination by an additional one (1) month period.
- In consideration for the deposit, the Company has amended and restated the existing unsecured non-convertible interest free promissory note to include the additional loan amount, so the aggregate principal amount under such promissory note together with similar deposits made on September 26, 2022, October 26, 2022, November 28, 2022, December 27, 2022, January 25, 2023, February 27, 2023, March 28, 2023, and April 27, 2023 was increased to the total of $1,260,000.
- Such principal amount will be repaid in connection with the closing of GigCapital5’s initial business combination.
- As a result of the deposits into the Trust Account, the period of time that GigCapital5 has to consummate a business combination has been extended to June 28, 2023.
