secwatch.observer — SEC 8-K summary
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Issuer:     QT IMAGING HOLDINGS, INC. (QTI)
CIK:        0001844505
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0001193125-23-098373
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GigCapital5 delisted by NYSE for $40M market cap shortfall; moving common stock to Nasdaq
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- NYSE began delisting proceedings April 6, 2023 after GigCapital5 missed the $40M average market cap standard for 30 days.
- No appeal; common stock listing to transfer to Nasdaq, expected to start trading on or about April 26, 2023 under symbol GIA.
- Units and warrants will trade on OTC Markets; only common stock (GIA) moves to Nasdaq.
- Delisting triggered by redemptions in March 2023; transfer supports planned merger with QT Imaging.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844505/000119312523098373/0001193125-23-098373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844505/000119312523098373/d459337d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-098373

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer