secwatch.observer — SEC 8-K summary
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Issuer:     QT IMAGING HOLDINGS, INC. (QTI)
CIK:        0001844505
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001844505-24-000085
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QT Imaging amends distribution deal with Canon subsidiary; extends term to 2026, sets minimum orders
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- Term extended from Dec 2025 to Dec 2026; exclusivity conditioned on Canon Medical Systems Corp manufacturing pact by Dec 30, 2024.
- Minimum order quantities (MOQs) set for 2025 and 2026; failure to order triggers invoice for shortfall.
- Removed cap on NXC's resale markup; NXC may set resale price at its sole discretion.
- Non-solicitation clause added: QTI cannot solicit NXC's customers/employees for 3 years post-term.
- Warranty revised: 15 months from shipment or 12 months from customer acceptance, whichever shorter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844505/000184450524000085/0001844505-24-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844505/000184450524000085/qti-20241211.htm
  HTML page:      https://secwatch.observer/filing/0001844505-24-000085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer