September 16, 2022
Re:Registration Statement on Form S-1
Ladies and Gentlemen:
We are issuing this opinion letter in our capacity as special legal counsel to QualTek Services Inc., a Delaware corporation (the “Company”), and the entities listed on Exhibit A hereto (the “Guarantors”). This opinion letter is being delivered in connection with the preparation of the Registration Statement on Form S-1 (such Registration Statement, as it may be subsequently amended or supplemented, is hereinafter referred to as the “Registration Statement”) initially filed with the Securities and Exchange Commission (the “Commission”) on September 16, 2022 under the Securities Act of 1933, as amended (the “Securities Act”), by the Company. Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to them in the amended and restated indenture (the “Indenture”) entered into on February 14, 2022, by and among the Company, the Guarantors and Wilmington Trust, National Association in its capacity as trustee thereunder (the “Trustee”).
The Registration Statement relates to (A) the issuance by the Company of up to 306,000 shares (the “Warrant Shares”) of common stock, par value $0.0001 per share (the “Class A Common Stock”), upon the exercise of warrants, each exercisable for one share of Class A Common Stock at a price of $11.50 per share (“Warrants”); (B) the resale or distribution from time to time by the selling stockholders named in the prospectus contained in the Registration Statement and any supplement thereto or their permitted transferees of up to 3,283,000 shares of Class A Common Stock (the “Selling Stockholder Shares”), and 306,000 Warrants held by the selling stockholders named in the Registration Statement; (C) the resale or distribution from time to time by the selling noteholders named in the prospectus contained in the Registration Statement and any supplement thereto or their permitted transferees of up to $124,685,000 in aggregate principal amount of outstanding senior convertible notes due 2027 (the “Notes”) and the guarantees of the Company’s obligations under the Notes by the Guarantors (the “Guarantees”); and (D) the resale or distribution from time to time by the selling noteholders named in the prospectus contained in the Registration Statement and any supplement thereto or their permitted transferees of up to 31,104,034 shares of Class A Common Stock issuable upon conversion of the Notes (the “Note Shares”). The Warrant Shares, the Selling Stockholder Shares, the Warrants, Notes and the Note Shares are collectively referred to herein as the “Securities.”
In connection with the registration of the Securities, we have examined originals, or copies certified or otherwise identified to our satisfaction, of such documents, corporate records and other instruments as we have deemed necessary for the purposes of this opinion, including: (i) the organizational documents of the Company and each Covered Guarantor (as set forth in Exhibit A hereto), (ii) resolutions of the Company and Covered Guarantors with respect to the issuance and registration of the Securities and (iii) the Registration Statement and the exhibits thereto.