secwatch.observer — SEC 8-K summary
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Issuer:     QT IMAGING HOLDINGS, INC. (QTI)
CIK:        0001844505
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001844505-24-000073
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

QT Imaging receives Nasdaq delisting notice; plans to appeal by Nov 13, 2024
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- Nasdaq notified QT Imaging on Nov 6, 2024 of delisting proceedings due to failure to maintain $50M market value of listed securities.
- Company had until Nov 4, 2024 to regain compliance under Rule 5450(b)(2)(A); it did not meet the requirement.
- Appeal requested by Nov 13, 2024 will stay suspension pending Nasdaq Hearings Panel decision.
- If appeal unsuccessful, stock expected to trade on OTC market, likely reducing liquidity and trading price.
- Company paid $20,000 hearing fee for the appeal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844505/000184450524000073/0001844505-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844505/000184450524000073/qti-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001844505-24-000073

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