Company: QTIWW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001628280-25-051332
Chunk: 75

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 - As RevisedAdditional paid-in capital$22,470,230 $(3,670,000)$18,800,230 Accumulated deficit$(32,122,605)$3,670,000 $(28,452,605)Other Condensed Consolidated Financial Statement Line ItemsNine Months Ended September 30, 2024 - As FiledAdjustmentsNine Months Ended September 30, 2024 - As RevisedCondensed Consolidated Statement of Operations and Comprehensive LossChange in fair value of earnout liability$(700,000)$3,670,000 $2,970,000 Net loss and comprehensive loss attributable to QT Imaging Holdings, Inc.$(9,166,958)$3,670,000 $(5,496,958)Net loss and comprehensive loss attributable to common stockholders$(14,352,460)$3,670,000 $(10,682,460)Net loss per share - basic and diluted$(2.31)$0.59 $(1.72)Condensed Consolidated Statement of Cash FlowsNet loss$(9,166,958)$3,670,000 $(5,496,958)Change in fair value of earnout liability$700,000 $(3,670,000)$(2,970,000)

17.     Subsequent Events

Reverse Stock Split

32

On October 23, 2025, the Reverse Stock Split with a ratio of 3:1 became effective.October 2025 PIPEOn September 30, 2025, the Company entered into the Third Securities Purchase Agreement, by and between the Company, on the one hand, and certain accredited investors and qualified institutional buyers, led by the Purchasers for the October 2025 Private Placement. At the closing of the October 2025 Private Placement on October 3, 2025, we issued (i) 2,232,243 shares of our common stock, par value $0.0001 per share; (ii) Subscription Warrants with a term of five years from the initial exercise date to purchase up to an additional 4,040,272 shares of common stock; and (iii) 5,424,083 Pre‑Funded Warrants to purchase up to an additional 1,808,055 shares of common stock, exercisable any time after its issuance. The purchase price of each share of common stock is $4.50 and the purchase price for each Pre‑Funded Warrant is