QT Imaging amends $10M convertible note: maturity extended to Mar 2026, floor price cut to $0.50

QT IMAGING HOLDINGS, INC.

Maturity of $10M convertible note extended from Dec 15, 2025 to Mar 31, 2026.
Monthly payments of $500k plus premium and interest begin Feb 15, 2025; payments suspended until then.
Floor price reduced from prior level to $0.50 per share; first $500k of conversions before Jan 15, 2025 reduce principal.
Company anticipates Nasdaq delisting; lender consents if best efforts to relist and OTCQX/OTCQB listing within 30 days.
New automatic event of default triggers if any third-party creditor attempts foreclosure on company assets.

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