Company: QTIWW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001628280-25-051332
Chunk: 68

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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 Equity Plan”), which authorizes 108,333 shares of common stock. Options to purchase 108,333 shares of common stock were issued during the three and nine months ended September 30, 2025 at a weighted-average fair value of $1.63 per share. The following table summarizes information regarding activity in the Inducement Equity Plan during the nine months ended September 30, 2025: Number of OptionsWeighted-Average Exercise PriceWeighted-AverageRemainingContractualLife (years)Outstanding, January 1, 2025—$— 0Granted108,333 7.47Cancelled— — Outstanding, September 30, 2025108,333 $7.47 9.9Exercisable as of September 30, 2025— $— 0Expected-to-vest as of September 30, 2025108,333 $7.47 9.92024 Equity Incentive Plan      On January 1, 2025, an additional 446,137 shares of common stock were added to the 2024 Equity Incentive Plan. The following table summarizes information regarding activity in the 2024 Equity Incentive Plan during the nine months ended September 30, 2025: Number of OptionsWeighted-Average Exercise PriceWeighted-AverageRemainingContractualLife (years)Outstanding, January 1, 2025 (1)(2)651,645$2.25 9.5

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Granted589,333$2.41 Exercised(33,333)$2.25 Cancelled(66,667)$2.25 Outstanding, September 30, 20251,140,978 $2.34 9.2Exercisable as of September 30, 2025417,513 $2.16 9.0Expected-to-vest as of September 30, 2025723,465 $2.44 9.3(1)    Share amounts as of January 1, 2025 differ from those published in prior condensed consolidated financial statements as they were retrospectively adjusted as a result of the Reverse Stock Split (as described in Note 1, The Company and Summary of Significant Accounting Policies). Specifically, the number of share of common stock outstanding during periods before the Reverse Stock Split are divided by the exchange ratio of 3:1, such that each three shares of common