other material
confidence high
sentiment neutral
materiality 0.25
QT Imaging subleases Novato office to Dr. Klock's practice for $5,666-$6,011/month through 2027
QT IMAGING HOLDINGS, INC.
- Subleases space at 3 Hamilton Landing, Suite 160 to QT Imaging Center (sole prop. of Dr. John C. Klock) for exclusive medical practice use.
- Monthly rent of $5,666 until May 2025, then $5,836.24 through May 2026, and $6,011.33 through May 2027.
- Initial term of one year, then month-to-month; terminates automatically when prime lease ends in April 2027.
- Practice must maintain $1M general aggregate/$3M umbrella liability insurance and indemnify Company for space-related claims.