QT Imaging Holdings Enters Material Definitive Agreement
Ticker: QTIWW · Form: 8-K · Filed: Jan 24, 2025 · CIK: 1844505
| Field | Detail |
|---|---|
| Company | Qt Imaging Holdings, Inc. (QTIWW) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $5,666.00, $5,836.24, $6,011.33 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, corporate-action
TL;DR
QT Imaging just signed a big deal, filing an 8-K for a material definitive agreement.
AI Summary
On January 23, 2025, QT Imaging Holdings, Inc. entered into a material definitive agreement. The company, formerly known as GigCapital5, Inc., is incorporated in Delaware and headquartered in Novato, California.
Why It Matters
This filing indicates a significant new contract or partnership for QT Imaging Holdings, Inc., which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement can introduce new risks related to contract performance, financial obligations, or market acceptance of the underlying product or service.
Key Numbers
- 20250123 — Date of earliest event (Date of the material definitive agreement)
Key Players & Entities
- QT Imaging Holdings, Inc. (company) — Registrant
- GigCapital5, Inc. (company) — Former company name
- Delaware (jurisdiction) — State of incorporation
- Novato, CA (location) — Principal executive offices
FAQ
What is the nature of the material definitive agreement?
The filing does not specify the details of the material definitive agreement, only that one was entered into on January 23, 2025.
What is QT Imaging Holdings, Inc.'s primary business?
QT Imaging Holdings, Inc. is in the ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS industry, SIC code 3845.
When did QT Imaging Holdings, Inc. change its name?
The company changed its name from GigCapital5, Inc. on February 4, 2021.
Where are QT Imaging Holdings, Inc.'s principal executive offices located?
The principal executive offices are located at 3 Hamilton Landing, Suite 160, Novato, CA 94949.
What is the SEC file number for QT Imaging Holdings, Inc.?
The SEC file number for QT Imaging Holdings, Inc. is 001-40839.
Filing Stats: 757 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2025-01-24 16:15:20
Key Financial Figures
- $0.0001 — ich registered Common stock, par value $0.0001 per share QTI The Nasdaq Stock Market L
- $5,666.00 — in the Sublease) in an amount equal to $5,666.00 until May 31, 2025, with such amount in
- $5,836.24 — 1, 2025, with such amount increasing to $5,836.24 during the period from June 1, 2025 unt
- $6,011.33 — 25 until May 31, 2026, and subsequently $6,011.33 during the period from June 1, 2026 unt
Filing Documents
- qti-20250123.htm (8-K) — 29KB
- exhibit101subleaseagreement.htm (EX-10.1) — 74KB
- 0001844505-25-000009.txt ( ) — 283KB
- qti-20250123.xsd (EX-101.SCH) — 3KB
- qti-20250123_def.xml (EX-101.DEF) — 16KB
- qti-20250123_lab.xml (EX-101.LAB) — 29KB
- qti-20250123_pre.xml (EX-101.PRE) — 17KB
- qti-20250123_htm.xml (XML) — 3KB
01 Entry into a Definitive Material Agreement
Item 1.01 Entry into a Definitive Material Agreement On January 23, 2025, QT Imaging Holdings, Inc., a Delaware Corporation (the "Company"), entered into a Sublease Agreement (the "Sublease") with QT Imaging Center, a California sole proprietorship of John C. Klock, M.D. (the "Practice"), pursuant to which the Practice will sublease certain space, currently leased from Hamilton Landing Novato LLC by the Company pursuant to the "Prime Lease" (as defined in the Sublease), to the Practice for use in its operations, on a full-time and exclusive basis. The Practice shall pay to the Company a rental fee (the "Rent") for the Subleased Space (as defined in the Sublease) in an amount equal to $5,666.00 until May 31, 2025, with such amount increasing to $5,836.24 during the period from June 1, 2025 until May 31, 2026, and subsequently $6,011.33 during the period from June 1, 2026 until May 31, 2027. The Rent shall be payable on a monthly basis, payable on the first day of each month and no later than five days thereafter, with the Rent to be pro-rated for any partial month. The parties have determined that the Rent equals the fair market value of the Subleased Space (as defined in the Sublease), without taking into account the proximity of the parties or the Subleased Space to any source, volume or value of referrals between the parties or any patient thereof. Further, the Practice shall pay when due all sales, use, personal property, leasing, excise or other fees, taxes, charges or withholdings of any kind imposed against the Company, the Practice or the Subleased Space with respect to the Subleased Space, or any related fees, receipts or earnings, including local taxes and personal property taxes. The term of the Sublease is one year unless terminated and shall auto-renew on a month-to-month basis thereafter, unless otherwise terminated. The Sublease shall expire automatically upon the termination of the Prime Lease, which is set to terminate in April 2027. The foregoin
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Sublease, dated as of January 23, 2025, 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, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 24, 2025 QT Imaging Holdings, Inc. By: /s/ Raluca Dinu Name: Raluca Dinu Title: Chief Executive Officer