QTI secures $10.1M Lynrock Lake loan, retires Yorkville note, issues 61M warrants

QT IMAGING HOLDINGS, INC.

New $10.1M senior secured term loan from Lynrock Lake at 10% interest, matures March 2027.
Used $3M cash + 15M shares warrant ($0.40 exercise) to retire Yorkville note and terminate SEPA; repaid Cable Car Note ~$1.625M.
Net proceeds ~$5.5M for working capital to fulfill 100-scanner order under NXC distribution agreement generating $45M revenue over 2 years.
Issued Lynrock Lake warrant for 61M shares at $0.40 exercise price, exercisable to Feb 2035.
Extended maturity of Klock ($3.35M combined) and Stanley ($0.5M) promissory notes to Oct 2027.

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