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An update from QT Imaging Holdings (QTI) is now available.
GigCapital5 has finalized its business combination, rebranding as QT Imaging Holdings, Inc., and making significant changes to its corporate structure. The company’s charter has been amended to alter the board composition, increase authorized shares, and revise various provisions to align with recent SEC guidelines. Stockholder meetings will now be the sole platform for shareholder action, as written consents have been prohibited. Meanwhile, a new executive team and board have been appointed, with Dr. John Klock as CEO and Stas Budagov as CFO. Additionally, the company has implemented an Equity Incentive Plan, reserving a portion of shares for employee incentives, and has entered into indemnification agreements with its directors and officers. Following these changes, QT Imaging has ceased to be a shell company and is now recognized as a successor to GigCapital5.
See more data about QTI stock on TipRanks’ Stock Analysis page.
