Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 3

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 3
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the “ Credit Agreement ”) with Lynrock Lake that provided a senior secured term loan with Lynrock Lake in the aggregate principal amount of $10,100,000 at an interest rate of 10.0% per annum. On August 26, 2025, the Company and Lynrock Lake entered into the First Amendment to the Credit Agreement (the “ Amended Credit Agreement ”) to add an additional tranche of $5,000,000 to the loan and increase the aggregate principal amount to $15,100,000. In connection with the Credit Agreement, the Company and Lynrock Lake entered into a Warrant Agreement, dated February 26, 2025, as amended (the “ Warrant Agreement ”), pursuant to which Lynrock Lake holds a warrant, which prior to the implementation of the Reverse Stock Split, was a warrant to purchase 61,000,000 shares of Common Stock at an exercise price of $0.40 per share (the “ Lynrock Lake Warrant ”), which since the Effective Time, both the number of shares to be issued upon exercise of the Lynrock Lake Warrant and the exercise price have been adjusted to 20,333,623 and $1.20, respectively.

On April 9, 2025, the Company completed a private placement (the “ First Private Placement ”), pursuant to the terms and conditions of the Securities Purchase Agreement, dated April 9, 2025 (the “ First Securities Purchase Agreement ”), by and between the Company and Dr. Avi Katz, the Chairman of the Company’s Board of Directors, and Dr. Raluca Dinu, the Chief Executive Officer and a member of the Company’s Board of Directors, on the other hand, (together, the “ First Purchasers ”), pursuant to which the First Purchasers purchased and the Company issued, (i) using amounts from prior to the implementation of the Reverse Stock Split, 784,929 Common Shares, and following the Reverse Stock Split, 261,644 Common Shares and (ii) the Ten Year Common Warrants, which following the Reverse Stock Split have an exercise price of $2.16 per share and are exercisable for an aggregate of 523,286 shares of Common Stock. Pursuant to the First Securities Purchase Agreement, the Company entered into a Registration Rights Agreement with the First Purchasers, dated April 9, 2025 (the “ First Registration Rights Agreement ”). The aggregate gross proceeds to the Company from the First Private Placement were approximately