regulatory
confidence high
sentiment negative
materiality 0.70
QT Imaging receives Nasdaq minimum bid price deficiency notice; faces delisting risk
QT IMAGING HOLDINGS, INC.
- Nasdaq notified QT Imaging on June 17, 2024 that bid price is below $1.00 for 30 consecutive business days.
- Company has until December 16, 2024 to regain compliance by closing at $1.00 or more for 10 consecutive days.
- QT Imaging also remains non-compliant with $50M MVLS requirement; compliance period ends November 4, 2024.
- Options include reverse stock split or transfer to Nasdaq Capital Market; outcome uncertain.