Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 423

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 423
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 of the aggregate amount of payments of accounts receivable actually received on or after January 1, 2026.

Furthermore, in connection with the Lynrock Lake Term Loan, the Company issued to Lynrock Lake the Lynrock Lake Warrant, a warrant to purchase 20,333,623shares of its common stock at an exercise price of $ 1.20per share. The Lynrock Lake Warrant is exercisable until February 26, 2035. Lynrock Lake may cashless exercise the Lynrock Lake Warrant. The Lynrock Lake Warrant is also subject to anti-dilution adjustments to the exercise

<div align='center'>F-72</div>

#### QT IMAGING HOLDINGS, INC.

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

price and the number of shares which may be purchased upon exercise of the Lynrock Lake Warrant in the event that the Company issues shares of common stock (or derivative securities) at a price that is either less than the $ 1.20exercise price or the fair market value of a share of common stock from the immediately prior trading day. The fair value of the Lynrock Warrant at issuance amounted to $ 16,496,084.

Upon issuance of the Lynrock Lake Term Loan, the Company recorded a loss of $ 6,640,384, including debt issuance costs of $ 244,300, in other income (expense), net within the condensed consolidated statements of operations and comprehensive loss for the six months ended June 30, 2025.

As of June 30, 2025, the outstanding amount of the Lynrock Lake Term Loan was $ 71,601, net of the unamortized debt discount of $ 10,028,399, and accrued interest of $ 350,229. Interest expense, including amortization of debt issuance costs, for the three months ended June 30, 2025 and 2024 was $ 328,550and $ 0, respectively. Interest expense, including amortization of debt issuance costs, for the six months ended June 30, 2025 and 2024 was $ 421,830and $ 0, respectively.

Future principal payments on the long-term debt as of June 30, 2025 are as follows:

| Year ending December 31:                   
 2025 (remaining)                           |     |   |      27,501 |
|:-------------------------------------------|