- QT Imaging Holdings, Inc. announced an **$18.0 million private placement financing** (PIPE).  **[1844505_0001628280-25-043297_ex991-pressreleasedatedoct.htm:0]** **[1844505_0001628280-25-043297_ex991-pressreleasedatedoct.htm:0]** 
- The company plans to use **$5.0 million** of the proceeds to repay a senior secured term loan and the balance for **expanding U.S.A. and global go-to-market activities** and deploying its QTI Cloud Platform.  **[1844505_0001628280-25-043297_ex991-pressreleasedatedoct.htm:0]** **[1844505_0001628280-25-043297_ex991-pressreleasedatedoct.htm:0]** 
- The financing involves selling an aggregate of **12,120,798.00 shares of common stock** (or pre-funded warrants) and common warrants at a purchase price of **$1.50 per share**.  **[1844505_0001628280-25-043297_ex991-pressreleasedatedoct.htm:0]** **[1844505_0001628280-25-043297_ex991-pressreleasedatedoct.htm:0]** 
- QT Imaging intends to initiate the **NASDAQ relisting process**, which will include a **reverse stock split** within fifteen days of the financing closing, anticipated on or before **October 3, 2025**.  **[1844505_0001628280-25-043297_ex991-pressreleasedatedoct.htm:0]** **[1844505_0001628280-25-043297_ex991-pressreleasedatedoct.htm:0]** **[1844505_0001628280-25-043297_ex103-placementagencyagree.htm:6]** **[1844505_0001628280-25-043297_ex101-securitiespurchaseag.htm:36]**

QT Imaging Announces $18 Million Private Placement and NASDAQ Relisting Plans

- QT Imaging Holdings, Inc. received **$5.0 million** in additional financing from Lynrock Lake Master Fund LP via a restated and amended senior secured term loan on **August 26, 2025**.  **[1844505_0001844505-25-000111_ex991qtirepurchaseyorkvill.htm:0]** **[1844505_0001844505-25-000111_qti-20250822.htm:1]** 
- The company used these net proceeds to **repurchase in full and cancel** warrants held by YA II PN, Ltd. (Yorkville) for an aggregate price of **$5,000,000**.  **[1844505_0001844505-25-000111_ex991qtirepurchaseyorkvill.htm:0]** **[1844505_0001844505-25-000111_ex101qtimagingholdings-yor.htm:0]** **[1844505_0001844505-25-000111_qti-20250822.htm:1]** 
- These warrants were exercisable into **15,000,000 shares** of the company's Common Stock at an exercise price of **$0.40 per share**.  **[1844505_0001844505-25-000111_ex991qtirepurchaseyorkvill.htm:0]** **[1844505_0001844505-25-000111_ex101qtimagingholdings-yor.htm:0]** **[1844505_0001844505-25-000111_qti-20250822.htm:1]** 
- Dr. Raluca Dinu, CEO of QT Imaging, stated that this transaction reflects confidence in the business's future outlook and is an opportunity to enhance long-term shareholder value.  **[1844505_0001844505-25-000111_ex991qtirepurchaseyorkvill.htm:0]**

QT Imaging Holdings Secures New Funding and Repurchases Warrants

- QT Imaging Holdings, Inc. (QTIH) has entered into an **exclusive distribution agreement** with Gulf Medical Co. (GMC) for its QTI Breast Acoustic CT™ scanners and QTI Cloud Platform in Saudi Arabia.  **[1844505_0001844505-25-000098_a991qtigulfmedical_082225x.htm:0]** **[1844505_0001844505-25-000098_qti-20250821.htm:1]** 
- The agreement, effective **August 21, 2025**, has an initial term of **three years**, extending until August 21, 2028.  **[1844505_0001844505-25-000098_a101qtimagingholdings-gulf.htm:0]** **[1844505_0001844505-25-000098_qti-20250821.htm:1]** 
- Under the terms, GMC will order a minimum of **five scanners per quarter**, starting in **Q1 2026** and continuing through the end of **2028**, projected to generate **more than $33 million** in revenue from a total of at least **60 scanners** over this period.  **[1844505_0001844505-25-000098_a991qtigulfmedical_082225x.htm:0]**

QT IMAGING HOLDINGS (QTIH)