Company: QTIWW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001844505-25-000038
Chunk: 302

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 302
---
 the Amended and Restated Certificate of Incorporation, the Company is authorized and has available for issuance 500,000,000 shares of common stock. Immediately following the Merger, there were 21,437,216 shares of 

F-31

common stock outstanding with a par value of $0.0001. The holder of each share of common stock is entitled to one vote. The Company retroactively adjusted the shares issued and outstanding prior to March 4, 2024 to give effect to the exchange ratio established in the Business Combination Agreement to determine the number of shares of common stock into which they were converted. Common stock reserved for future issuance as of December 31, 2024 is as follows:Common stock warrants28,272,922 Potential shares from Pre-Paid Advance16,991,228 Merger earnout consideration shares6,000,000 Options outstanding under the 2024 Incentive Plan2,219,000 Options available under the 2024 Incentive Plan139,093 Potential shares from Cable Car Loan750,000 Potential shares from convertible notes253,199 54,625,442 Preferred StockThe Company is authorized to issue 10,000,000 shares of preferred stock, with a par value of $0.0001, with such designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors. As of December 31, 2024 and 2023, there were no shares of preferred stock issued and outstanding. The Board has the authority to issue shares of preferred stock from time to time on terms it may determine, to divide shares of preferred stock into one or more series and to fix the designations, preferences, privileges, and restrictions of preferred stock, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preference, sinking fund terms, and the number of shares constituting any series or the designation of any series to the fullest extent permitted by the Delaware General Corporation Law. The issuance of preferred stock could have the effect of decreasing the trading price of common stock, restricting dividends on the capital stock of the Company, diluting the voting power of the common stock, impairing the liquidation rights of the capital stock of the Company, or delaying or preventing a change in control of the Company.QT Imaging Private Placement WarrantsIn November 2022, the Company initiated an offering to sell to a select group of accredited investors only, on a private placement basis