secwatch.observer — SEC 8-K summary
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Issuer:     QT IMAGING HOLDINGS, INC. (QTI)
CIK:        0001844505
Form:       8-K
Filed at:   2025-04-10T23:59:59+00:00
Accession:  0001844505-25-000042
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QT Imaging delisted from Nasdaq, trades on OTCQB; raises $500K in insider PIPE
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- Delisting proceedings initiated by Nasdaq; stock suspended Jan 28, 2025 and now trades OTCQB (QTIH).
- PIPE of $500K gross from Chairman Dr. Avi Katz and CEO Dr. Raluca Dinu; 784,929 shares at $0.637/share.
- Warrants to purchase 1,569,858 shares at $0.72/share, exercisable 6 months after closing, 10-year term.
- Closing expected by April 24, 2025; net proceeds used solely for working capital; no banking fees.
- Share price represents ~10% premium to VWAP on April 9, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844505/000184450525000042/0001844505-25-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844505/000184450525000042/qti-20250409.htm
  HTML page:      https://secwatch.observer/filing/0001844505-25-000042

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