Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 359

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 359
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 equal to the number of shares purchasable under the warrants multiplied by the difference between the fair market value of the shares and the exercise price, divided by the fair market value of the shares.

The following table represents the QT Imaging warrant activity as follows for the year ended December 31, 2024:

|                                                          |     | Number of 
 Warrants  |     |          |
| Outstanding, January 1, 2024(1)                          |     |           |     |  140,688 |
| Exercised(1)                                             |     |           |     |   -5,440 |
| Terminated pursuant to business combination agreement(1) |     |           |     | -135,248 |
| Outstanding, December 31, 2024                           |     |           |     |        — |

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(1) Amounts for the year ended December 31, 2024 differ from those published in prior consolidated financial statements as they were retrospectively adjusted as a result of the Reverse Stock Split (as described below in Note 1, The Company and Summary of Significant Accounting Policies). Specifically, the number of common shares outstanding during periods before the Reverse Stock Split are divided by

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#### QT IMAGING HOLDINGS, INC.

### Notes to Consolidated Financial Statements
the exchange ratio of 3:1, such that each three shares of common stock were combined and reconstituted into one share of common stock effective October 23, 2025.

The fair value of the QT Imaging warrants issued as part of the 2022 Offering and included in stockholders’ deficit in the consolidated balance sheets was $ 462,413for the year ended December 31, 2023. The fair value of the remaining warrant granted during the year ended December 31, 2023 was $ 15,317and was recorded as issuance costs against the proceeds received from the 2022 Offering. There were noQT Imaging warrants issued during the year ended December 31, 2024.

On March 4, 2024 and in accordance with the terms of the Business Combination Agreement, the Company cancelled and terminated all outstanding warrants that were deemed out of the money with an exercise price of or above $ 35.01per warrant, including all warrants sold as part of the Units in the 2022 Offering and warrants that were issued to consultants and placement agents in association with debt issuances and past private offerings.

Warrants (