{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-282248","form_type":"8-K","ticker":"QTI","cik":"0001844505","company_name":"QT IMAGING HOLDINGS, INC.","filed_at":"2023-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.989165+00:00","generated_at":"2026-06-07T22:21:37.329833+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"GigCapital5 enters $50M equity purchase agreement with Yorkville and $10M convertible note","bullets":["SEPA allows post-merger company to sell up to $50M common stock to YA II PN at 97% of VWAP.","Prepaid advance of $10M via convertible promissory note due 15 months, 6% interest, rising to 18% on default.","Note convertible at lower of 110% of initial VWAP or 95% of lowest 5-day VWAP, with floor price initially $2.00.","Registration rights agreement requires filing resale registration statement within 21 days of advance closing.","Arrangement contingent on closing of business combination with QT Imaging (merger renamed to QT Imaging Holdings)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-282248","json":"https://secwatch.observer/filing/0001193125-23-282248.json","markdown":"https://secwatch.observer/filing/0001193125-23-282248.md","text":"https://secwatch.observer/filing/0001193125-23-282248.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1844505/000119312523282248/0001193125-23-282248-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1844505/000119312523282248/d66505d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T22:21:37.329833+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"33c5e5f7b26873c39f5be8d1ea99e5bac9e59932","claim":"QT IMAGING HOLDINGS, INC. incurred convertible notes of up to $10 million with YA II PN, Ltd. maturing due 15 months from the date of issuance.","evidence_excerpt":"in exchange for a convertible promissory note in the form attached to the SEPA as Exhibit D thereto (the “ Promissory Note ”) with an aggregate principal amount of up to $10 million (the “ Pre-Paid Advance ”). The proceeds from the funding of the Pre-Paid Advance may not be used by QTI Holdings or QT Imaging to make any payments in respect of any notes to","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1844505/000119312523282248/0001193125-23-282248-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"up to $10 million"},{"label":"Counterparty","value":"YA II PN, Ltd."},{"label":"Maturity","value":"due 15 months from the date of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"dcbacb657999885e1119c4b207cbd431fd383cfd","claim":"QT IMAGING HOLDINGS, INC. entered into Standby Equity Purchase Agreement with YA II PN, Ltd. valued at up to $50 million in aggregate gross purchase price (effective 2023-11-16).","evidence_excerpt":"On November 16, 2023, GigCapital5, Inc., a Delaware corporation (“ GigCapital5 ”), QT Imaging, Inc., a Delaware corporation (“ QT Imaging ”), and YA II PN, Ltd., a Cayman Islands exempt limited partnership managed by Yorkville Advisors Global, LP (the “ Investor ”), entered into a Standby Equity Purchase Agreement (the “ SEPA ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1844505/000119312523282248/0001193125-23-282248-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"YA II PN, Ltd."},{"label":"Value","value":"up to $50 million in aggregate gross purchase price"},{"label":"Effective","value":"2023-11-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}