The following summarizes the elements of the Merger to the condensed consolidated statements of stockholders’ deficit and cash flows, including the transaction funding, sources, and uses of cash:
| | | | | | | Recapitalization | | Cash in GigCapital5 Trust Account, net of redemptions | $ | 13,952,525 | | | Plus: cash in GigCapital5 operating bank account | 4,829 | | | | Less: Payments made pursuant to non-redemption agreements | (10,791,550) | | Less: GigCapital5 transaction costs paid from Trust | (1,073,667) | | Less: Repayment of GigCapital5 related party notes | (853,607) | Net cash proceeds from GigCapital5 | 1,238,530 | | Assumed net liabilities from GigCapital5, including the initial recognition of the earnout liability, excluding net cash proceeds | (14,177,695) | | Net impact of the Merger on the condensed consolidated statement of stockholders' deficit | $ | (12,939,165) | |
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