Company: QTIWW
Filing Date: 2025-01-28
Form Type: 8-K
Source: 0001844505-25-000015
Chunk: 1

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-28
Form: 8-K
Item: Item 3.01
Chunk 1
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 delisting of the common stock from Nasdaq, requesting that the matter be submitted to a Hearings Panel (the “ Panel”) per the procedures set forth in the Nasdaq Listing Rule 5800 Series, staying the suspension of the Company’s securities and the filing of a Form 25-NSE by the Staff pending the Panel’s decision.

While the Appeal was pending, as previously announced in a Current Report filed with the SEC on December 20, 2024, on December 17, 2024, the Staff formally notified the Company that it was unable to regain compliance with the Price Rule during the provided 180-day compliance window, which the Staff stated it considers an additional basis for delisting the Company’s common stock from Nasdaq and which was to be considered in the Panel’s rendering of a decision on the Appeal.

On January 7, 2025, the Panel held a hearing on the Appeal of the Staff’s November 6, 2024 and December 17, 2024 decisions to commence proceedings to delist the common stock of the Company. On January 24, 2025, the Company received further notice that the Panel had denied the Appeal and that the Company’s common stock will be delisted from trading on Nasdaq based on the failure to comply with the MVLS Requirement and the Price Rule. Accordingly, the Company’s common stock was suspended from trading on Nasdaq effective with the open of trading on January 28, 2025. The Company’s common stock will be delisted 10 calendar days from the date that Nasdaq files the Form 25, Notification of Removal from Listing and/or Registration, with the SEC. Commencing on January28, 2025, the Company’s common stock will continue to be traded on the over-the-counter market under the ticker “ QTIH”. The Company intends to apply to have its Company’s common stock listed on either the OTC Markets’ OTCQX or OTCQB market tier, and if in the future, it is able to qualify to list on Nasdaq under the Nasdaq’s initial listing standards, the Company intends to apply for listing on Nasdaq.

The Company does not expect the Panel’s determination to have any impact on its day-to-day operations.

Cautionary Note Regarding Forward-Looking Statements

This Current Report contains forward-looking statements within the meaning of U. S. federal securities laws. Such forward-looking statements include, but are not limited to, statements regarding the Company’s listing and trading of its common