Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 377

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 377
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 order to value the assets and liabilities:

Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

Level 3: Unobservable inputs which are supported by little or no market activity and which are significant to the fair value of the assets or liabilities.

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

|                        | Description: |   | Level |   | September 30, 2024 |     |   | December 31, 2023 |
|:-----------------------|:-------------|--:|:------|:--|-------------------:|:----|:--|------------------:|
| Assets:                |              |   |       |   |                    |     |   |                   |
| Certificate of deposit |              | 2 |       | $ |             20,000 |     | $ |            20,000 |
| Liabilities:           |              |   |       |   |                    |     |   |                   |
| Warrant liability      |              | 2 |       | $ |              9,783 |     | $ |                 — |
| Earnout liability      |              | 3 |       | $ |            700,000 |     | $ |                 — |
| Derivative liability   |              | 3 |       | $ |            320,900 |     | $ |                 — |

Warrant Liability

The Company has determined that the warrants that were a constituent part of (i) the private placement units that were issued in a private placement sale by GigCapital5 prior to the Merger (“Private Placement Warrants”) and (ii) the private placement units that were issued upon conversion of working capital notes issued by GigCapital5

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#### QT IMAGING HOLDINGS, INC.

### Notes to Condensed Consolidated Financial Statements
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