Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 437

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 437
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1)(2)        |     |           |           | 651,645 |     | $              | 2.25 |     |                  |     | 9.5 |
| Granted                                   |     |           |           | 589,333 |     | $              | 2.41 |     |                  |     |     |
| Exercised                                 |     |           |           | -33,333 |     | $              | 2.25 |     |                  |     |     |
| Cancelled                                 |     |           |           | -66,667 |     | $              | 2.25 |     |                  |     |     |
| Outstanding, September 30, 2025           |     |           | 1,140,978 |         |     | $              | 2.34 |     |                  |     | 9.2 |
| Exercisable as of September 30, 2025      |     |           |   417,513 |         |     | $              | 2.16 |     |                  |     | 9.0 |
| Expected-to-vest as of September 30, 2025 |     |           |   723,465 |         |     | $              | 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 stock were combined and reconstituted into one share of common stock effective October 23, 2025.

(2) The options outstanding as of December 31, 2024 were revised by 88,000from the amount previously reported on the Annual Report on Form 10-K for the year ended December 31, 2024. The effect on stock-based compensation was immaterial.

Options to purchase 67,333shares of common stock were granted during the three months ended September 30, 2025 at a weighted-average fair value of $ 3.71per share. Options to purchase 589,333shares of common stock were granted during the nine