Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 435

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 435
---
 settlement such that, when such events occur, the holders of the warrants receive the same form of consideration as the underlying stockholders. As equity classification is permitted for an instrument that requires net-cash settlement if the holders of the contract’s underlying shares receive the same form of consideration in transactions outside the company’s control, consequently the warrants were revalued and then reclassified to additional paid-in capital on the condensed consolidated balance sheet upon modification. The fair value of the Lynrock Lake Warrant on modification date was $ 19,396,939. As of September 30, 2025, the Lynrock Lake Warrant to purchase 20,333,623shares of common stock was outstanding.

On February 26, 2025, the Company issued to Yorkville a warrant to purchase 5,000,071shares of its common stock at an exercise price of $ 1.20per share pursuant to the Yorkville Warrant. The Yorkville Warrant is exercisable until February 26, 2030. On June 11, 2025, the Yorkville Warrant was amended to update the provisions that would trigger cash settlement such that, when such events occur, the holders of the warrants receive the same form of consideration as the underlying stockholders. As equity classification is permitted for an instrument that requires net-cash settlement if the holders of the contract’s underlying shares receive the same form of consideration in transactions outside the company’s control, consequently the warrants were revalued and then reclassified to additional paid-in capital on the condensed consolidated balance sheet upon modification. The fair value of the Yorkville Warrant on modification date was $ 3,589,189.

On August 26, 2025, the Company repurchased the Yorkville Warrant for an aggregate price of $ 5.0million.

#### 11.

#### Stock Incentive Plan
Inducement Equity Incentive Plan

On August 22, 2025, the Company adopted the Inducement Equity Incentive Plan (the “Inducement Equity Plan”), which authorizes 108,333shares of common stock. Options to purchase 108,333shares of common stock were issued during the three and nine months ended September 30, 2025 at a weighted-average fair value of $ 1.63per share. The following table summarizes information regarding activity in the Inducement Equity Plan during the nine months ended September 30, 2025:

| Outstanding, January 1, 2025