debt
confidence high
sentiment neutral
materiality 0.70
QT Imaging amends notes with YA II PN and Funicular; lowers conversion price, extends maturity
QT IMAGING HOLDINGS, INC.
- YA II PN note: conversion price lowered to $0.584/share for $1.5M of $8.34M principal; remainder stays at $4.61395.
- Monthly payments eliminated; first advance proceeds offset against note; future advances split 50% cash, 50% offset.
- YA II PN note maturity extended to March 31, 2026; automatic default if any other creditor forecloses.
- Funicular Funds note conversion price reduced to $0.584/share; maturity extended to March 31, 2026 with $90K extension fee.
- Funicular note interest set at 6% annually; accrued interest and extension fee convertible upon conversion.