Company: QTIWW
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001628280-25-004061
Chunk: 17

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-02-05
Form: 424B3
Chunk 17
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 the Redemption Amount with respect to the principal amount redeemed after giving effect to conversions effected during the 10 trading day period. “

#### Redemption Premium
” means 7% of the principal amount being redeemed.

Under the terms of the Yorkville Note, a Trigger Event shall occur if (i) the daily VWAP is less than the Floor Price for five trading days during a period of seven consecutive trading days (a “

#### Floor Price Trigger
”), or (ii) the Company has issued in excess of 95% of the Common Stock available under the Exchange Cap (an “

#### Exchange Cap Trigger
”) (the last such day of each such occurrence, a “

#### Trigger Date
”). If, at any time six months after the issuance

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#### Table of Contents
of the Yorkville Note, a Trigger Event occurs, then the Company under the Yorkville Note as originally issued was obligated to make monthly payments in an amount equal to the sum of (i) $1,500,000 of principal in the aggregate among all promissory notes issued to Yorkville (or the outstanding principal if less than such amount) (the “

#### Triggered Principal Amount
”), plus (ii) a payment premium of 5% in respect of such Triggered Principal Amount, and (iii) accrued and unpaid interest hereunder as of each payment date beginning on the 5th trading day after the Trigger Date and continuing on the same day of each successive calendar month to Yorkville pursuant to the terms of the Yorkville Note. However, in the event that the Company was required to make such cash payments to Yorkville under the Yorkville Note as a result of the occurrence of a Trigger Event, the Company was to be entitled upon written notice to Yorkville, to direct that Yorkville (i) if Yorkville has sold the 1,000,000 shares of the Common Stock (the “

#### Yorkville Company Shares
”) that it received as a result of conversion pursuant to the terms of the Business Combination Agreement of shares in QT Imaging that it owned prior to the Closing, to apply, in accordance with the terms of the Yorkville Note, up to 50% of Yorkville’s net sale proceeds of the Yorkville Company Shares to satisfy, in part or in whole, the Triggered Principal Amount of such cash payments due to Yorkville or (ii) or if Yorkville has not sold the Yorkville Company Shares, to apply up to 50%