Why Is GigCapital5 (GIA) Stock Down 61% Today?

GigCapital5 (NASDAQ:GIA) stock is falling on Friday after the special purpose acquisition company (SPAC) revealed a date for its merger with QT Imaging.GigCapital5 says that it will complete its SPAC merger with QT Imaging on Monday. That comes as investors gave their approval to the deal in late February. This will see the company changing its name to QT Imaging once the deal is complete.Following the business combination, shares of GIA stock will also undergo a change. That will see them start trading und ...