GigCapital5 and QT Imaging had planned to merge by mid-2023. The parties also amended their business combination agreement to remove the $15 million minimum cash condition to close. The focus of Gig Capital5s search is for.

GigCapital5 and QT Imaging had planned to merge by mid-2023, estimating the equity value of the combined company at $151 million. The parties also amended their business combination agreement to remove the $15 million minimum cash condition to close and eliminated the condition precedent that shares of GigCapital 5 shall be listed on an exchange. GigCapital5, Inc. confirms consideration for non-redemption agreements. No broker, finder, or investment banker is entitled to any fee or commission in connection with the Transactions based upon arrangements made by or on behalf of GigCapital 5 or Merger Sub. No vote on any such nominee will occur, notwithstanding that proxies in respect of such vote may have been received by GigCapital GigCapital5 entered into a Business Combination Agreement with QTI Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of GigCapital 5, and QT Imaging. The focus of Gig Capital5s search is for prospects within the technology, media and telecommunications.