QT Imaging fails to regain Nasdaq bid price compliance; delisting appeal pending

QT IMAGING HOLDINGS, INC.

Nasdaq staff notified QT Imaging on Dec 17, 2024 that it failed to regain bid price compliance by Dec 16, 2024.
This adds a second delisting basis; company already faced delisting over market value below $50M.
Company's appeal before Nasdaq Hearings Panel is pending; suspension stayed pending decision.
If appeal fails, common stock expected to delist to OTC market, a more limited trading venue.
The company states delisting won't affect business operations or SEC reporting requirements.

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