Company: QTIWW
Filing Date: 2025-08-28
Form Type: 8-K
Source: 0001844505-25-000111
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Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-08-28
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement

Yorkville Warrant Repurchase

As previously disclosed by the Company in a Current Report on Form 8-K filed on February 28, 2025 with the Securities and Exchange Commission (the “SEC”), on February 26, 2025, the Company issued to YA II PN, Ltd., a Cayman Islands exempt limited partnership (“Yorkville”) a warrant to purchase 15,000,000 shares of its Common Stock at an exercise price of $0.40 per share pursuant to a Warrant to Purchase Common Stock, as amended on June 11, 2025 (the “ Warrant”).

On August 26, 2025, the Company and Yorkville entered into a Warrant Repurchase Agreement (the “Warrant Repurchase Agreement”) pursuant to which the Company repurchased on August 26, 2025 the Warrant from Yorkville at an aggregate price of $5,000,000. Capitalized terms used below but not defined herein shall have the respective meanings given to them in the Warrant Repurchase Agreement.

Pursuant to the Warrant Repurchase Agreement, Yorkville conveys, assigns, transfers and surrenders the Warrant to the Company and, in exchange, the Company cancelled the Warrant and paid Yorkville the aggregate purchase price of $5,000,000. In connection with the repurchase, Yorkville relinquished all rights, title and interest in the Warrant (including any claims Yorkville may have against the Company related thereto) and assigned the same to the Company. Yorkville delivered the Warrant to the Company on August 26, 2025, the same day that the company paid the purchase price. The Warrant will be deemed cancelled and of no further force and effect, effective immediately upon delivery of the Warrant to the Company.

The Company wired to Yorkville the Purchase Price in accordance with wire instructions provided.

The foregoing description is qualified in its entirety by reference to the Warrant Repurchase Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Extension of Lynrock Lake Credit Agreement

As previously disclosed by the Company in a Current Report on Form 8-K filed on February 28, 2025 with the SEC, on February 26, 2025, the Company entered into a credit agreement (the “ Credit Agreement”) that provided a senior secured term loan with Lynrock Lake Master Fund LP (“L