Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 25

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 25
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 interest shall accrue or be due on the Extension Fee.

Pursuant to the Cable Car Amendment, interest shall accrue on the outstanding principal balance of the Cable Car Note at an annual rate equal to 6%, with interest being calculated based on a 365-day year and the actual number of days elapsed, to the extent permitted by applicable law. Interest shall be due and payable on the maturity date for the Cable Car Note, unless the Cable Car Note is earlier converted pursuant to its terms, in which event such accrued and unpaid interest shall also be converted.

In addition, in connection with any sale, assignment, transfer, or other disposition (a “ Cable Car Sale ”) of any shares into which the Cable Car Note is converted pursuant to its terms, the Cable Car Amendment provides that to the extent such Sale is made pursuant to Rule 144, provided that Rule 144 is available as an exemption from the registration requirements for such Cable Car Sale, if requested by Cable Car and upon delivery by Cable Car of such customary representations and other documentation reasonably acceptable to the Company in connection with transactions relying upon Rule 144, the Company shall use commercially reasonable efforts to cause its transfer agent to remove any restrictive legends related to the book entry account holding such shares sold or disposed of by Cable Car without restrictive legends within two business days of such request.

#### Private Placement
On November 12, 2024, the Company entered into a Securities Purchase Agreement, with 7 investors, pursuant to which the Company agreed to issue and sell 4,383,558 PIPE Shares and PIPE Warrants that are exercisable beginning 6 months from the date of issuance and will have a term of five years from the initial exercise date to purchase up to an additional 4,383,558 shares of Common Stock, in the Private Placement.

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#### Table of Contents
On November 22, 2024, the Company announced the closing of the Private Placement. The purchase price of each PIPE Share was $0.584, and the excise price of each PIPE Warrant is $0.672. The aggregate gross proceeds to the Company from the Private Placement were approximately $2,560,000, before deducting offering expenses. The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital.

#### Corporate Information
GigCapital5, our predecessor company, was incorporated in the State of Delaware in January 2021 for the purpose of effecting a merger, capital stock exchange,