Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 107

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 107
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sale of their shares of Common Stock under the Securities Act, pursuant to the terms of a registration statement that we entered into (“PIPE Registration Rights Agreement”). The sale of a large number of shares by these stockholders could cause the prevailing market price of shares of Common Stock to decline. Significant sales of shares of Common Stock may have negative pressure on the public trading price of our Common Stock.

The shares already registered for resale currently represent over 50% of the total number of shares outstanding, based on the number of shares of Common Stock outstanding as of March 15, 2025. Even though the current trading price is significantly below the Company’s initial public offering price, based on the closing price of the Common Stock on March 28, 2025, certain of our stockholders may have an incentive to sell their shares because they will still profit on sales due to the lower prices at which they purchased their shares as compared to the public investors. For example, members of our founding stockholder, GigAcquisitions5, who received a distribution of shares from GigAcquisitions5 for which there is an effective resale registration statement, have a cost basis in up to 1,911,696 shares of Common Stock that were acquired at an effective purchase price of $0.0130776 per share, and, therefore, based on the closing price of the Common Stock, could earn an aggregate profit of approximately $13,165,702 from the resale of such shares based upon the closing stock price on October 31, 2025.

To the extent that the selling securityholders under any of our registration statements on Form S-1 sell their shares or are perceived by the market as intending to sell them, the market price of shares of Common Stock could drop significantly. These factors could also make it more difficult for us to raise additional funds through future offerings of shares of Common Stock or other securities.

The Pre-Funded Warrants are exercisable for 1,808,055 shares at an exercise price of $0.0003 per share. In addition, the Company has other warrants that in the aggregate are exercisable for 34,310,115 shares of Common Stock at various exercise prices ranging from $1.20 per share to $6.90 per share. This includes the Lynrock Lake Warrant, which is exercisable for 20,333,623 shares of Common Stock at an exercise price of $1.20 per share, but may be exercised on a “cashless basis.”

In addition, the