Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 451

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 451
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rock Lake Term Loan to pay YA II PN, Ltd., a Cayman Islands exempt limited partnership (“ Yorkville ”) an amount equal to $3,000,000 in cash and issued a warrant to Yorkville for the purchase of 5,000,071 shares of our Common Stock at an exercise price of $1.20 per share (the “ Yorkville Warrant ”) to fully settle and discharge our obligations under a promissory note previously issued to Yorkville. The Yorkville Warrant is exercisable until February 26, 2030. Yorkville may cashless exercise the Yorkville Warrant. The Yorkville Warrant is also subject to adjustments in the event that our Common Stock undergoes a split, reverse-split or similar event. In August 2025, the Company repurchased the Yorkville Warrant from Yorkville for an aggregate price of $5.0 million.

#### April 2025 Private Placement
The Company entered into a Securities Purchase Agreement, dated April 9, 2025, by and between the Company, on the one hand, and Dr. Avi Katz, the Chairman of the Company’s Board of Directors, and Dr. Raluca Dinu, the Chief Executive Officer and a member of the Company’s Board of Directors, for a private placement (the “ April 2025 Private Placement ”) of securities. At the closing of the April 2025 Private Placement, the Company issued (i) 261,644 shares of Common Stock; and (ii) a warrant with a term of ten years from the initial exercise date to purchase up to an additional 523,286 shares of Common Stock.

The purchase price of each share of Common Stock was $1.911, and the per share exercise price of the warrants is $2.16. The aggregate gross proceeds to the Company from the April 2025 Private Placement was approximately $500,000, before deducting the offering expenses payable by the Company, which expenses consisted solely of legal fees. The Company intends to use the net proceeds from the offering for working capital purposes. The shares and warrants were sold without registration under the 1933 Act, in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act as a transaction not involving a public offering and Rule 506(b) of Regulation D.

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#### May 2025 Private Placement
The Company entered into a Securities Purchase Agreement, dated May 12, 2025