Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 127

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 127
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 and distributions covenants under these credit agreements.

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### USE OF PROCEEDS
All of the Common Stock offered by the Selling Securityholders pursuant to this prospectus will be sold by the Selling Securityholders for their respective accounts. We will not receive any of the proceeds from these sales. With respect to the PIPE Warrants, we will not receive any proceeds from such shares except with respect to amounts received by us upon exercise of the warrants to the extent such PIPE Warrants are exercised for cash. We intend to use any such proceeds for working capital and general corporate purposes.

The Selling Securityholders will pay any underwriting fees, discounts, selling commissions, stock transfer taxes and certain legal expenses incurred by such Selling Securityholders in disposing of the shares of Common Stock, and we will bear all other costs, fees, and expenses incurred in effecting the registration of the securities covered by this prospectus, including, without limitation, all registration and filing fees, Nasdaq listing fees and fees and expenses of our counsel and out independent registered public accountants.

However, we received $2,560,000 in aggregate gross proceeds from the sales we made to the Purchasers pursuant to the Securities Purchase Agreement. We intend to use the proceeds for working capital and general corporate purposes.

We will receive up to an aggregate of approximately $2,945,750 from the exercise of the PIPE Warrants, assuming the exercise in full of all of the PIPE Warrants for cash. We expect to use the net proceeds from the exercise of the warrants for general corporate purposes. We will have broad discretion over the use of proceeds from the exercise of the warrants. There is no assurance that the holders of the warrants will elect to exercise any or all of such warrants. To the extent that the warrants are exercised on a “cashless basis,” the amount of cash we would receive from the exercise of the Warrants will decrease.

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### PRIVATE PLACEMENT OF SHARES OF COMMON STOCK AND WARRANTS
On November 22, 2024, the Company completed the Private Placement, pursuant to the terms and conditions of the Securities Purchase Agreement. At the closing of the Private Placement, the Company issued (i) 4,383,558 PIPE Shares and (ii) the PIPE Warrants to purchase up to an additional 4,383,558 PIPE Warrant Shares that are issuable upon its exercise. Each PIPE Warrant sold in the Private