On July 25, 2023, GigCapital5, Inc. closed the transaction. The company amended the terms of the transaction. The company issued a tenth restated extension note at an issue price of $100,000 for gross proceeds of $100,000as additional funding, bringing total funds raised in the transaction to $2,460,000 in the transaction. The note bears no interest.
On October 27, 2023, the company further amended and restated the working capital note to reflect an additional principal amount of $381,360 extended by the sponsor to the company for a collective principal amount under the tenth restated working capital note of $1,446,360