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GigCapital5, Inc. (NYSE: GIA) plans to transition its common stock listing from the New York Stock Exchange to The Nasdaq Global Market on or around April 26, 2023. This move is part of the strategy surrounding its proposed business combination with QT Imaging, Inc. Following the merger, GigCapital5 will be rebranded as QT Imaging Holdings, Inc. The merger is significant as it positions the combined entity among other innovative technology companies listed on Nasdaq. The company initiated a Business Combination Agreement with QT Imaging on December 8, 2022, marking a key step in its growth strategy.
GigCapital5, Inc. (NYSE: GIA) announced that stockholders approved an extension for consummating a business combination. The deadline is now extended from March 28, 2023, to September 28, 2023. This extension allows GigCapital5 to secure an additional month to close a merger, with a Trust Account funded by a $100,000 payment. The total principal amount under a related promissory note has been increased to $1,060,000. The company’s focus is on technology, media, telecommunications, aerospace, and defense sectors. GigCapital5 previously entered into a Business Combination Agreement with QT Imaging, which will be renamed QT Imaging Holdings, Inc.
GigCapital5, Inc. (NYSE: GIA) has announced a $160,000 funding injection into its Trust Account, increasing the total loan amount to $960,000. This action extends the deadline for finalizing a business combination to March 28, 2023. In addition, GigCapital5 has amended a working capital promissory note with the Sponsor, raising the amount to $675,000. The promissory note can be converted into units at $10.00 each upon closing the initial business combination with QT Imaging, which is set to merge with GigCapital5, renaming it as QT Imaging Holdings, Inc. The expected benefits and risks associated with the merger are detailed in forward-looking statements.
GigCapital5 (NYSE: GIA) announced a funding increase of
QT Imaging, Inc., a medical imaging firm, has announced the participation of John Klock, CEO, at the Third Annual B. Riley Securities Oncology Conference on January 18-19. The event will include discussions about cancer treatment and imaging innovations. A live and archived webcast of QT Imaging's presentation will be available on their website for 30 days.
QT Imaging is in the process of merging with GigCapital5, Inc. (NYSE: GIA), aiming to go public in 2023. The merger is expected to accelerate QT Imaging's commercial growth and expand its innovative breast imaging solutions.
GigCapital5 (NYSE: GIA) announced a $160,000 deposit into its Trust Account, raising the total to $640,000, extending its deadline for business combination to January 28, 2023. The Company also amended its working capital promissory note to $260,000, which may convert to units at $10.00 each upon business combination completion. The SPAC is focusing on technology and sustainable industries and previously entered a Business Combination Agreement with QT Imaging on December 8, 2022.
GigCapital5, Inc. (NYSE: GIA) announced a definitive business combination with QT Imaging, Inc., a medical imaging company, to bring QT Imaging public. The merger will form QT Imaging Holdings, Inc., trading under the new ticker symbol QTI, expected to close in the first half of 2023. This transaction values QT Imaging at an equity value of $151 million, with the combined company anticipating approximately $41 million in gross proceeds from GigCapital5's trust account and up to $26 million in additional financing. QT Imaging has received FDA clearance for its QTscan, an innovative imaging solution for breast cancer screening.
GigCapital5, Inc. (NYSE: GIA) has announced a $160,000 funding to its Trust Account, increasing the total amount to $480,000. This extension allows the company until December 28, 2022, to finalize its initial business combination, which can be further extended. Additionally, a working capital promissory note has been amended to include another loan of $65,000, raising its total to $195,000. These financial maneuvers highlight GigCapital5's ongoing efforts to secure a merger, particularly in technology and telecommunications sectors.
GigCapital5, Inc. (NYSE: GIA) announced an additional funding of $160,000 to its trust account, extending the time to finalize a business combination until November 28, 2022. The payment was secured by an amended promissory note. Additionally, a working capital note of $65,000 was provided to the sponsor, GigAcquisitions5, LLC. GigCapital5 focuses on technology, media, and telecommunications sectors for potential mergers.
