Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 121

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 121
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However, we have received $500,000 aggregate gross proceeds from the sales we made to the First Purchasers pursuant to the First Securities Purchase Agreement, $200,000 aggregate gross proceeds from the sales we made to the Second Purchaser pursuant to the Second Securities Purchase Agreement and $18,180,655 aggregate gross proceeds from the sales we made to the Third Purchasers pursuant to the Third Securities Purchase Agreement. We intend to use any such proceeds for working capital and general corporate purposes.

We will receive up to an aggregate of approximately $229,982 from the exercise of the Recanati Warrant, $1,130,298 from the exercise of the Ten Year Common Warrants, $18,181,224 from the exercise of the Subscription Warrants, $542 from the exercise of the Pre-Funded Warrants and $24,400,348 from the exercise of the Lynrock Lake Warrants, assuming the exercise in full of all of the Warrants for cash. We expect to use the net proceeds from the exercise of the warrants for general corporate purposes. We will have broad discretion over the use of proceeds from the exercise of the warrants. There is no assurance that the holders of the warrants will elect to exercise any or all of such warrants. To the extent that the warrants are exercised on a “cashless basis,” the amount of cash we would receive from the exercise of the Warrants will decrease.

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### PRIVATE PLACEMENT OF SHARES OF COMMON STOCK AND WARRANTS
On August 19, 2025, the Company held its Annual Meeting. At the Annual Meeting, the Company’s stockholders approved an amendment to the Certificate of Amendment to effect a the Reverse Stock Split. On October 17, 2025, the Board determined to fix the Reverse Stock Split ratio at 3:1. The Reverse Stock Split became effective at the Effective Time, upon the filing of the Certificate of Amendment with the Secretary of State of the State of Delaware.

On February 26, 2025, the Company entered into the Credit Agreement with Lynrock Lake, as amended on August 26, 2025. In connection with the Credit Agreement, the Company and Lynrock Lake entered into the Warrant Agreement, pursuant to which Lynrock Lake holds the Lynrock Lake Warrant, which prior to the implementation of the Reverse Stock Split, was a warrant to purchase 61,000,000 shares of Common Stock at an exercise price of $0.40 per share, which since the Effective