QT Imaging Holdings, Inc. received $5.0 million in additional financing from Lynrock Lake to repurchase and cancel all Yorkville warrants.
The company used the net proceeds to repurchase 15,000,000 shares of the Common Stock held by Yorkville.
QT Imaging CEO, Dr. Raluca Dinu, expressed confidence in the future outlook of the business due to this transaction.
Additional Funding
$5.0 million in new financing received from Lynrock Lake.
Warrants Repurchase
Repurchased 15,000,000 shares of Common Stock from Yorkville.
CEO Confidence
Dr. Raluca Dinu highlighted the positive future outlook for QT Imaging.
- The repurchase and cancellation of the Yorkville warrants demonstrate confidence and trust in QT Imaging's stock valuation and potential growth.
- This financing enhances the company's financial position and reflects Lynrock Lake's ongoing support and partnership.
Overall, the financing transaction with Lynrock Lake marks a significant step for QT Imaging Holdings, Inc., showcasing a strong belief in the company's future prospects and shareholder value enhancement.