secwatch.observer — SEC 8-K summary
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Issuer:     QT IMAGING HOLDINGS, INC. (QTI)
CIK:        0001844505
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001844505-24-000010
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

QT Imaging receives Nasdaq delisting notice for MVLS below $50M threshold
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844505/000184450524000010/0001844505-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844505/000184450524000010/qti-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001844505-24-000010

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