Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 334

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 334
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 to the Merger have been retroactively restated as shares reflecting the exchange ratio established in the Merger (approximately 0.3427shares of the Company's common stock for each share of QT Imaging common stock). The net liabilities of GigCapital5 have been recognized at carrying value, with no goodwill or other intangible assets recorded.

QT Imaging has been determined to be the accounting acquirer based on evaluation of the following facts and circumstances:

• QT Imaging's stockholders have a majority of the voting power of the Company;

• The majority of QT Imaging's Board of Directors continued to serve as directors of the Company;

• The majority of QT Imaging's management continued to serve as management of the Company;

• QT Imaging comprises the ongoing operations of the Company; and

• QT Imaging is the larger entity based on historical business activity and the larger employee base.

<div align='center'>F-19</div>

#### QT IMAGING HOLDINGS, INC.

### Notes to Consolidated Financial Statements
The following summarizes the elements of the Merger to the consolidated statements of stockholders’ deficit and cash flows, including the transaction funding, sources, and uses of cash:

|                                                                                                                                  |     | Recapitalization |             |
|:---------------------------------------------------------------------------------------------------------------------------------|:----|:-----------------|------------:|
| Cash in GigCapital5 Trust Account, net of redemptions                                                                            |     | $                |  13,952,524 |
| Plus: cash in GigCapital5 operating bank account                                                                                 |     |                  |       4,829 |
| Less: Payments made pursuant to non-redemption agreements                                                                        |     |                  | -10,791,550 |
| Less: GigCapital5 transaction costs paid from Trust                                                                              |     |                  |  -1,073,667 |
| Less: Repayment of GigCapital5 related party notes                                                                               |     |                  |    -853,607 |
| Net cash proceeds from GigCapital5                                                                                               |     |                  |   1,238,529 |
| Assumed net liabilities from GigCapital5 including the initial recognition of the earnout liability, excluding net cash proceeds |     |                  | -14,177,694 |
| Net impact of the Merger on the consolidated statement of stockholders' deficit                                                  |     | $                | -12,939,165 |

Merger Related Activities

On November 15, 2023, GigCapital5, QT Imaging and Yorkville, a Cayman Islands exempt limited partnership managed by Yorkville Advisors