Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 177

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 177
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 was issued to provide us with additional working capital during the period prior to consummation of the Business Combination Agreement with GigCapital5. The Working Capital Note is interest-free and originally matured on the earlier of (i) the date on which we consummated the Business Combination with GigCapital5, Inc.; (ii) the date we wind up; or (iii) December 31, 2023. On March 4, 2024, the Working Capital Note was agreed to be amended and subordinated pursuant to and in accordance with the terms of the Business Combination Agreement. Effective on the Closing of the Business Combination, the Working Capital Note cannot be repaid prior to the repayment or conversion of the Yorkville Note issued to Yorkville.

On March 4, 2024, we assumed the $1,560,000 outstanding balance of the Extension Note from a related party and pursuant to the Business Combination Agreement. The Extension Note does not bear any interest and cannot be repaid prior to the repayment of the Pre-Paid Advance received from Yorkville. On November 12, 2024, the holder of the Extension Note entered into the Securities Purchase Agreement and surrendered the Extension Note on November 22, 2024 for cancellation in its entirety in exchange for the purchase of PIPE Shares and PIPE Warrants for the purchase of Common Stock with a purchase price of $1,560,000.

#### Cash Flows
The following table provides information regarding our cash flows for the periods presented:

|                                                                          |     | 2024 | For Nine Months Ended 
         September 30, |     | 2023 |            |     | 2023 | For Years Ended 
    December 31, |     | 2022 |            |
|:-------------------------------------------------------------------------|:----|:-----|----------------------:|:----|:-----|-----------:|:----|:-----|----------------:|:----|:-----|-----------:|
| Net cash used in operating activities                                    |     | $    |            -8,806,402 |     | $    | -1,965,772 |     | $    |      -2,651,143 |     | $    | -3,861,735 |
| Net cash used in investing activities                                    |     |      |               -34,590 |     |      |    -25,995 |     |      |         -13,040 |     |      |    -22,600 |
| Net cash provided by financing