Company: QTIWW
Filing Date: 2025-01-10
Form Type: 424B3
Source: 0001844505-25-000004
Chunk: 3

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-10
Form: 424B3
Chunk 3
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 “ September 30th Current Report ”), the Company and the Investor entered into an Omnibus Amendment (the “ First Amendment ”) to the Financing Documents, dated as of September 26, 2024, to reduce the Company’s obligations resulting from the Trigger Event as described in the September 30th Current Report. Subsequently, and as previously disclosed in a Current Report on Form 8-K with the SEC on October 31, 2024, the Company and the Investor also entered into that certain Second Omnibus Amendment (the “ Second Amendment ”), pursuant to which the parties agreed, amongst other things, to extend the Maturity Date of the Investor Note to March 31, 2026 and to reduce the Company’s monthly payments owing under the Investor Note.

On November 4, 2024, the Investor converted $254,593 of outstanding principal of the Investor Note into 384,059 shares of common stock of the Company (the “ Common Stock ”) with an applicable conversion price of $0.6629 per share. On December 6, 2024, the Investor converted $259,589 of outstanding principal under the Investor Note into 519,177 shares of Common Stock with an applicable conversion price of $0.50 per share. The principal balance of the Investor Note was $8,340,411 following the two conversion notices received from the Investor.

On January 9, 2024, the Company and the Investor entered into a Third Omnibus Amendment (the “ Third Amendment ”, and together with the SEPA, the Investor Note, the First Amendment and the Second Amendment, the “ Financing Documents ”), to amend certain terms of the Financing Documents as described below.

Pursuant to the Third Amendment, the Investor and the Company agreed that for $1.5 million of the current outstanding balance due under the Investor Note (principal and unpaid accrued interest), the Fixed Price shall be modified to $0.584 per share, and for the remainder, the Fixed Price shall not be changed and remain $4.61395 per share as provided for in the Investor Note when the Company issued it on March 4, 2024.

Further, the Third Amendment removed the Company’s obligation to make monthly payments to the Investor, previously owing due to the occurrence of the Trigger Event, such that no further monthly payments will be owed during the period beginning on the date of the Third Amendment and ending on the Maturity Date. In exchange for this relief, the aggregate purchase price owed to the Company