Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 448

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 448
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 | December 31, 
         2022 |
|:--------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Deferred tax assets:                  |     |   |              |     |   |              |
| Start-up costs                        |     | $ |    2,895,226 |     | $ |    1,530,299 |
| Valuation allowance                   |     |   |   -2,895,226 |     |   |   -1,530,299 |
| Net deferred tax assets (liabilities) |     | $ |            — |     | $ |            — |

As of December 31, 2023 and 2022, the Company has recorded a valuation allowance of $ 2,895,226and $ 1,530,299, respectively, to offset deferred tax assets related to its start-up costs. The valuation allowance increased by $ 1,364,927and $ 1,227,602for the years ended December 31, 2023 and 2022, respectively. As of December 31, 2023 and 2022, the Company has nounrecognized tax benefits for which a liability should be recorded. The Company records interest and penalties associated with unrecognized tax benefits as a component of tax expense. As of December 31, 2023 and 2022, the Company has not accrued interest or penalties on unrecognized tax benefits, as there are nopositions recorded as of 2023 and 2022. Nochanges to the uncertain tax positions balance are anticipated within the next 12 months, and are not expected to materially impact the financial statements.

#### 10.

#### SUBSEQUENT EVENTS
On February 7, 2024, the Company amended and restated the First Non-Convertible Working Capital Note to reflect an additional principal amount of $ 195,887extended by the Sponsor to the Company for a collective principal amount under the Second Non-Convertible Working Capital Note of $ 262,247. The Second Non-Convertible Working Capital Note was issued to provide the Company with additional working capital and will not be deposited into the Trust Account. The Company issued the Second Non-Convertible Working Capital Note in consideration for an additional loan from the Sponsor to fund the Company’s working capital requirements. The Second Non-Convertible Working Capital Note bears no interest and is repayable in full upon the consummation of a Business Combination by the Company.

On February 7,