QT Imaging repurchases Yorkville warrants for $5M, appoints new CFO Jay Jennings

QT IMAGING HOLDINGS, INC.

Repurchased 15M-share Yorkville warrant for $5M; funded by new $5M Lynrock Lake loan, raising total debt to $15.1M.
CFO Anastas Budagov resigns effective Aug 29, 2025; receives $150K payment in lieu of severance.
Jay Jennings appointed CFO effective Sep 2; base salary $400K, bonus target 45%, and 325K share equity grant.
Jennings is CPA with experience at UpHealth (CEO/CFO), eHealth, MetaCreations; previously EY audit manager.

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