Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 450

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 450
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the “ November 2024 Private Placement ”) of securities. The Purchasers include Dr. Avi Katz, Dr. Raluca Dinu, the holder of a promissory note for $1.56 million, GigAcquisitions5, LLC, which is managed by Dr. Katz, Ross Taylor, Zeev Weiner, Daniel Dickson and an affiliate of James Greene. At the closing of the Private Placement, the Company issued (i) 1,461,189 shares of Common Stock; and (ii) warrants with a term of five years from the initial exercise date to purchase up to an additional 1,458,314 shares of Common Stock.

The purchase price of each share of Common Stock was $1.752, and the exercise price of each warrant is $2.016. The aggregate gross proceeds to the Company from the Private Placement was approximately $2,560,000, before deducting the offering expenses payable by the Company, which expenses consisted solely of legal fees. The Company intends to use the net proceeds from the offering for working capital. The shares and warrants were sold without registration under the 1933 Act, in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act as a transaction not involving a public offering and Rule 506(b) of Regulation D.

#### Lynrock Lake Warrant
On February 26, 2025, we entered into the Credit Agreement that provides a senior secured term loan (the “ Lynrock Lake Term Loan ”) with Lynrock Lake Master Fund LP “ Lynrock Lake ”). In connection with the Lynrock Lake Term Loan, we issued to Lynrock Lake the Lynrock Lake Warrant to purchase 20,333,623 shares of its Common Stock at an exercise price of $1.20 per share. The Lynrock Lake Warrant is exercisable until February 26, 2035. Lynrock Lake may cashless exercise the Lynrock Lake Warrant. The Lynrock Lake Warrant is also subject to anti-dilution adjustments to the exercise price and the number of shares which may be purchased upon exercise of the Lynrock Lake Warrant in the event that we issue shares of Common Stock (or derivative securities) at a price that is either less than the $1.20 exercise price or the fair market value of a share of Common Stock from the immediately prior trading day.

#### Yorkville Warrant
On February 26, 2025, the Company used a portion of the proceeds of the Lyn