GigCapital5, Inc. Confirms Consideration For Non-Redemption Agreements

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").