QT IMAGING HOLDINGS, INC. (QTI): Nasdaq/NYSE listing notice — QT Imaging receives Nasdaq delisting notice for MVLS below $50M threshold

QT IMAGING HOLDINGS, INC.

May 6, 2024 Nasdaq notice: MVLS below $50M for 30 consecutive business days, violating Rule 5450(b)(2)(A).
Company has 180 days (until Nov 4, 2024) to regain compliance by closing at $50M for 10 consecutive business days.
If not compliant by deadline, Nasdaq will issue delisting notice; company may appeal to a Hearings Panel.
Stock continues trading on Nasdaq Global Market under QTI during the cure period.
Company may consider applying to transfer listing to Nasdaq Capital Market if eligible.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

QT IMAGING HOLDINGS, INC. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5810(c)(3)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5810(c)(3)(C)

Exact text from the filing

May 6, 2024, QT Imaging Holdings, Inc. (the “ Company ”) received a written notice (the “ Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities (“ MVLS ”) was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the “ MVLS Requirement ”). The Nasdaq Notice has no immediate effect on the listing of the Company’s shares on The Nasdaq Gl

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QT IMAGING HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001844505-24-000010

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