secwatch.observer — SEC 8-K summary
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Issuer:     QT IMAGING HOLDINGS, INC. (QTI)
CIK:        0001844505
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001844505-25-000002
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QT Imaging amends notes with YA II PN and Funicular; lowers conversion price, extends maturity
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844505/000184450525000002/0001844505-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844505/000184450525000002/qti-20250109.htm
  HTML page:      https://secwatch.observer/filing/0001844505-25-000002

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