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QT Imaging Holdings (QTIH) details pro forma effects of $18.2M raise and debt repayment

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(Neutral)
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(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

QT Imaging Holdings, Inc. reported that it has prepared and furnished unaudited pro forma condensed consolidated statements of operations and comprehensive loss for each quarter from December 31, 2024 through September 30, 2025. These pro forma statements show how results would look if certain 2025 financing and debt transactions had been in place starting January 1, 2024.

The pro forma information reflects a September 30, 2025 private placement of securities that closed on October 3, 2025, providing aggregate gross proceeds of about $18,180,655 before offering expenses. It also incorporates the October 6, 2025 repayment to Lynrock Lake Master Fund LP of $5.0 million of long-term debt, plus $360,477 of accrued interest and a Tranche B 2025 premium under an amended credit agreement.

In addition, the pro forma figures remove expenses and losses tied to extinguishment or modification of prior debt repaid in February 2025 and the issuance of the Lynrock Lake term loan, as well as certain non-cash items such as interest expense and changes in the fair value of warrant, derivative, and earnout liabilities.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________________
FORM 8-K
_________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 23, 2025
________________________________________________________
QT IMAGING HOLDINGS, INC.
(Exact name of Registrant as Specified in Charter)
________________________________________________________
Delaware001-4083986-1728920
(State or Other Jurisdiction of (Commission (IRS Employer
Incorporation or Organization)File Number)Identification Number)
3 Hamilton Landing, Suite 160
Novato, CA 94949
(Address of principal executive offices, including Zip Code)
(650) 276-7040
(Registrant's telephone number, including area code)
________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
Symbols
Name of each exchange
on which registered
NoneN/AN/A
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o





Item 8.01    Other Events
On December 23, 2025, QT Imaging Holdings, Inc. (the “Company”) furnished an unaudited pro forma condensed consolidated statement of operations and comprehensive loss as of and for the three months ended September 30, 2025, an unaudited pro forma condensed consolidated statement of operations and comprehensive loss as of and for the three months ended June 30, 2025, an unaudited pro forma condensed consolidated statement of operations and comprehensive loss as of and for the three months ended March 31, 2025, and an unaudited pro forma condensed consolidated statement of operations and comprehensive loss as of and for the three months ended December 31, 2024 (the “Pro Forma Financial Information”).
The Pro Forma Financial Information gives effect to the Securities Purchase Agreement, (the “Securities Purchase Agreement”) for a private placement (the “Private Placement”) of securities on September 30, 2025, which closed on October 3, 2025, for aggregate gross proceeds to the Company of approximately $18,180,655, before deducting the offering expenses payable by the Company, that the Company disclosed in a Current Report on Form 8-K filed on October 1, 2025 with the SEC, as if the Private Placement had occurred on January 1, 2024.
The Pro Forma Financial Information also gives effect to the repayment on October 6, 2025 of $5.0 million of long-term debt, as well as $360,477 of accrued interest and the Tranche B 2025 Premium, to Lynrock Lake Master Fund LP (“Lynrock Lake”) pursuant to the First Amendment to the Credit Agreement (the “Lynrock Amended Credit Agreement”), as if the Tranche B 2025 Premium had been paid on January 1, 2024.
The Pro Forma Financial Information also gives effect to expenses/losses associated with debt extinguishment/modification of prior debt that was repaid in February 2025 and the issuance of the Lynrock Lake Term Loan which occurred in February 2025, as if they had not been incurred.
The Pro Forma Financial Information also gives effect to non-cash interest expense, change in fair value of warrant liability, change in fair value of derivative liability, and change in fair value of earnout liability, as if they had not been incurred.

Item 9.01    Financial Statements and Exhibits
(d) Exhibits.
Exhibit No.Item
99.1
QT Imaging Holdings, Inc. Unaudited Pro Forma Condensed Consolidated Statement of Operations and Comprehensive Loss as of and for the Three Months Ended September 30, 2025.
99.2
QT Imaging Holdings, Inc. Unaudited Pro Forma Condensed Consolidated Statement of Operations and Comprehensive Loss as of and for the Three Months Ended June 30, 2025.
99.3
QT Imaging Holdings, Inc. Unaudited Pro Forma Condensed Consolidated Statement of Operations and Comprehensive Loss as of and for the Three Months Ended March 31, 2025.
99.4
QT Imaging Holdings, Inc. Unaudited Pro Forma Condensed Consolidated Statement of Operations and Comprehensive Loss as of and for the Three Months Ended December 31, 2024
104Cover 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:December 23, 2025
By:/s/ Dr. Raluca Dinu
Name:Dr. Raluca Dinu
Title:Chief Executive Officer

FAQ

What did QT Imaging Holdings (QTIH) disclose in this 8-K filing?

QT Imaging Holdings disclosed that it furnished unaudited pro forma condensed consolidated statements of operations and comprehensive loss for the quarters ended December 31, 2024 and March 31, June 30, and September 30, 2025, reflecting the impact of specific financing and debt transactions as if they had occurred on January 1, 2024.

What private placement is reflected in QTIH’s new pro forma financial information?

The pro forma financial information reflects a Securities Purchase Agreement for a private placement of securities on September 30, 2025, which closed on October 3, 2025, and generated aggregate gross proceeds to QT Imaging Holdings of approximately $18,180,655 before offering expenses.

How does the Lynrock Lake debt repayment affect QTIH’s pro forma results?

The pro forma information includes the October 6, 2025 repayment to Lynrock Lake Master Fund LP of $5.0 million of long-term debt, plus $360,477 of accrued interest and the Tranche B 2025 premium under the Lynrock Amended Credit Agreement, as if the Tranche B 2025 premium had been paid on January 1, 2024.

Which expenses are adjusted or removed in QT Imaging Holdings’ pro forma statements?

The pro forma statements give effect to the exclusion of expenses and losses associated with debt extinguishment or modification of prior debt repaid in February 2025, the issuance of the Lynrock Lake term loan in February 2025, and certain non-cash items including interest expense and changes in the fair value of warrant, derivative, and earnout liabilities.

Which specific pro forma financial statements did QTIH file as exhibits?

QT Imaging Holdings filed exhibits for unaudited pro forma condensed consolidated statements of operations and comprehensive loss as of and for the three months ended September 30, 2025 (Exhibit 99.1), June 30, 2025 (Exhibit 99.2), March 31, 2025 (Exhibit 99.3), and December 31, 2024 (Exhibit 99.4), as well as a cover page interactive data file as Exhibit 104.

Why did QT Imaging Holdings prepare these pro forma financial statements?

QT Imaging Holdings prepared these pro forma statements to show how its quarterly operating results and comprehensive loss would appear if the September 2025 private placement, the October 2025 Lynrock Lake debt repayment, and the removal of specified debt-related and non-cash items had been in effect since January 1, 2024.
QT Imaging Holdings

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69.37M
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