QT Imaging Enters and Terminates Material Agreements
Ticker: QTIWW · Form: 8-K · Filed: Apr 19, 2024 · CIK: 1844505
| Field | Detail |
|---|---|
| Company | Qt Imaging Holdings, Inc. (QTIWW) |
| Form Type | 8-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $5,666 |
| Sentiment | mixed |
Sentiment: mixed
Topics: material-agreement, agreement-termination
TL;DR
QT Imaging just signed and axed a big deal on the same day. What gives?
AI Summary
On April 17, 2024, QT Imaging Holdings, Inc. entered into a Material Definitive Agreement and also terminated a Material Definitive Agreement. The company, formerly known as GigCapital5, Inc., is incorporated in Delaware and headquartered in Novato, California.
Why It Matters
The simultaneous entry into and termination of material definitive agreements suggests significant and potentially rapid shifts in the company's strategic or operational landscape.
Risk Assessment
Risk Level: medium — The simultaneous entry into and termination of material definitive agreements can indicate uncertainty or significant changes in business strategy, which carries inherent risk.
Key Players & Entities
- QT Imaging Holdings, Inc. (company) — Registrant
- GigCapital5, Inc. (company) — Former Company Name
- April 17, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Novato, CA (location) — Principal executive offices location
FAQ
What were the terms of the Material Definitive Agreement that QT Imaging entered into?
The filing does not specify the terms of the agreement entered into.
What were the reasons for terminating the Material Definitive Agreement?
The filing does not provide details on the reasons for the termination of the agreement.
When did QT Imaging Holdings, Inc. change its name from GigCapital5, Inc.?
The date of the name change was February 4, 2021.
What is the principal business address of QT Imaging Holdings, Inc.?
The principal executive offices are located at 3 Hamilton Landing, Suite 160, Novato, CA 94949.
What is the SIC code for QT Imaging Holdings, Inc.?
The Standard Industrial Classification code is 3845, for Electromedical & Electrotherapeutic Apparatus.
Filing Stats: 851 words · 3 min read · ~3 pages · Grade level 11.9 · Accepted 2024-04-19 16:15:58
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share QTI The Nasdaq Stock Mark
- $5,666 — The Practice shall pay to the Company a $5,666 rental fee (the " Rent " ) for the Subl
Filing Documents
- d828543d8k.htm (8-K) — 27KB
- d828543dex101.htm (EX-10.1) — 70KB
- g828543g0419113402790.jpg (GRAPHIC) — 2KB
- 0001193125-24-102900.txt ( ) — 244KB
- qti-20240417.xsd (EX-101.SCH) — 3KB
- qti-20240417_lab.xml (EX-101.LAB) — 18KB
- qti-20240417_pre.xml (EX-101.PRE) — 11KB
- d828543d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: Exhibit Description 10.1 Space and Equipment Sublease, dated as of April 1, 2024, by and among QT Imaging Holdings, Inc. and QT Imaging Center. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 19, 2024 QT Imaging Holdings, Inc. By: /s/ Raluca Dinu Name: Dr. Raluca Dinu Title: Chief Executive Officer