QT Imaging triggers accelerated payments under Yorkville note; first payment $1.52M

QT IMAGING HOLDINGS, INC.

Floor Price Trigger on Sep 11, 2024: daily VWAP below $0.8768 for five trading days.
Company obligated to make monthly payments of $1.5M principal +5% premium + accrued interest.
First payment made Sep 13, 2024: $1,521,581.46 after applying 50% of Yorkville's share sale proceeds.
Triggered Principal Amount reduction available by directing Yorkville to offset with up to 50% of net sale proceeds.
Monthly payment obligation ceases if Floor Price reduced to 50% of VWAP or VWAP >110% of Floor Price for 5 days.

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