QT Imaging prices 2M shares at $5.00 in underwritten public offering

QT Imaging (QTI) Holdings announced the pricing of an underwritten public offering of 2,000,000 shares of common stock for gross proceeds of $10M. Ladenburg Thalmann & Co. Inc. is acting as sole book-running manager and Northland Capital Markets is acting as co-manager for the offering. Each share of common stock is being sold to the public at a public offering price of $5.00 per share and each pre-funded warrant is being sold to the public at the public offering price of each share of common stock less the $0.0001 per share nominal exercise price for each pre-funded warrant. Gross proceeds to the Company from this offering are expected to be approximately $10M, before deducting underwriting discounts and commissions and other offering expenses. Each pre-funded warrant will be immediately exercisable, will entitle the holder to purchase one share of common stock, and may be exercised at any time until exercised in full. This offering is expected to close on or about May 18, 2026, subject to the satisfaction of customary closing conditions.