Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 393

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 393
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 the Nasdaq Stock Market as soon as possible and (ii) the Company’s common stock is listed on the OTC Markets’ OTCQX market tier within 30 days in the event that a delisting from the Nasdaq Stock Market occurs. The Omnibus Amendment was accounted for as a troubled debt restructuring, resulting in a prospective adjustment to the effective interest rate in accordance with ASC 470-60.

As of September 30, 2024 , the outstanding amount of the Yorkville Note was $ 2,980,159net of the unamortized debt discount of $ 5,874,434, and accrued interest of $ 24,744 . Interest expense, including amortization of debt issuance costs, for the three and nine months ended September 30, 2024 was $ 1,244,332and $ 2,431,398 , respectively.

Cable Car Loan

In February 2024, GigCapital5 and QT Imaging entered into the Cable Car Loan with Cable Car, pursuant to which Cable Car agreed to advance $ 1,500,000at the closing of the Business Combination, as was evidenced by the Loan, dated March 4, 2024, by and between QT Imaging and Cable Car. The Loan does notbear interest, and is due and payable 13months after issuance, unless the time for payment is accelerated as a result of an event of default. As full compensation to Cable Car for the Loan to QT Imaging in lieu of any simple or in-kind interest on the Loan, QT Imaging issued to Cable Car that number of shares of QT Imaging which at the completion of the Business Combination would be converted in accordance with the terms of the Business Combination Agreement into 180,000shares of the Company's common stock. In accordance with ASC 470-20, the proceeds of $ 1,500,000were

<div align='center'>F-54</div>

#### QT IMAGING HOLDINGS, INC.

### Notes to Condensed Consolidated Financial Statements
<div align='center'>(Unaudited)</div>

recorded between the promissory note and common stock less debt origination costs of $ 40,740, consisting of legal fees, on a relative fair value basis.

As of September 30, 2024 , the outstanding amount of the Cable Car Loan was $ 1,247,374, net of unamortized issuance costs of $ 252,626. Interest expense, including amortization of debt issuance costs