Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 340

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 340
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----|:---------------------------------|------:|:----|:-------------------|:----|----------:|:----|:---------------------------------|------:|
| $               |  6.50 |     |                    |     |   453,323 |     |                                                     |     | 8.4 |     | $                                |  6.50 |     |                    |     |   341,559 |     | $                                |  6.50 |
|                 |  8.50 |     |                    |     | 2,585,671 |     |                                                     |     | 6.6 |     |                                  |  8.50 |     |                    |     | 2,421,609 |     |                                  |  8.50 |
|                 | 10.00 |     |                    |     |   607,927 |     |                                                     |     | 7.0 |     |                                  | 10.00 |     |                    |     |   607,928 |     |                                  | 10.00 |
|                 |       |     |                    |     | 3,646,921 |     |                                                     |     | 6.9 |     | $                                |  8.50 |     |                    |     | 3,371,096 |     | $                                |  8.57 |

The determination of the fair value of options granted during the year ended December 31, 2022 is computed using the Black-Scholes option pricing model with the following weighted-average assumptions:

|                                |     | 2022 |      |     |
| Expected option term (years)   |     |      |      | 7.4 |
| Expected volatility            |     |      | 69.1 |   % |
| Risk-free rate of return       |     |      |  2.5 |   % |
| Expected annual dividend yield |     |      |      |   — |

There were no options granted during the year ended December 31, 2023. The weighted-average grant date fair value of options granted was $ 2.27per share for the year ended December 31, 2022.

Option pricing models require the input of various subjective assumptions, including the option’s expected life and the price volatility of the underlying stock. The expected stock price volatility is based on the analysis of volatilities of the Company’s selected public peer group over a period