QT IMAGING HOLDINGS, INC. (QTI): Nasdaq/NYSE listing notice — 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.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

QT IMAGING HOLDINGS, INC. received a nasdaq delisting notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

November 6, 2024 that it had determined to commence proceedings to delist the Common Stock from the Nasdaq Global Select Market (the “Nasdaq”) due to its determination that the Company’s common stock is no longer suitable for listing because the Company’s market value of is listed securities fell below the minimum $50,000,000 required for continued listing as set forth in Rule 5450(b)(2)(A) (the “MVLS Rule”) and the Company was unable to regain compliance with the MVLS Rule by November 4, 2024. The Company proceeded to initiate an appeal of the Staff’s determination to commence delisting of th

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

QT IMAGING HOLDINGS, INC. received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

December 17, 2024, the Staff formally notified the Company that it was unable to regain compliance with the Price Rule during the provided 180-day compliance window, which the Staff considers an additional basis for delisting the Company’s Common Stock from the Nasdaq and which will be considered in the Panel’s rendering of a decision on the Company’s appeal. If the Company’s appeal is unsuccessful, it is expected that the Common Stock would be delisted from the Nasdaq, in which case, the Company may apply to list on a different listing tier of the Nasdaq Global Stock Market or apply to list t

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QT IMAGING HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001844505-24-000088

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