Company: QTIWW
Filing Date: 2025-12-31
Form Type: 424B3
Source: 0001628280-25-059235
Chunk: 136

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-31
Form: 424B3
Chunk 136
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 investors and qualified institutional buyers, led by Sio Capital Management, LLC, on the other hand, for the Third Private Placement of securities. At the closing of the Third Private Placement on October 3, 2025, we issued (i) 2,232,243 shares of Common Stock, par value $0.0001 per share; (ii) the Subscription Warrants with a term of five years from the initial exercise date to purchase up to an additional 4,040,272 shares of Common Stock; and (iii) 5,424,083 Pre‑Funded Warrants to purchase up to an additional 1,808,055 shares of Common Stock, exercisable any time after its issuance. The purchase price of each share of Common Stock is $4.50 and the purchase price for each Pre‑Funded Warrant is $4.4997. Both of these amounts were paid by the Purchasers at the closing of the Third Private Placement. The aggregate gross proceeds to us from the Third Private Placement was approximately $18,180,655, before deducting the offering expenses payable by us, which expenses consist solely of legal fees and the amounts provided for pursuant to a placement agency agreement In addition, the per share exercise price of each Subscription Warrant is $4.50 and the per share exercise price of each Pre-Funded Warrant is $0.0003.

On October 6, 2025, we repaid the Tranche B loan in the amount of $5.0 million, plus accrued interest and a 6% premium.

#### Components of Our Results of Operations

#### Revenue
Revenue consists of revenue from the sale of our products including the QT Breast Scanner, associated SW, accessories, and related services, which are primarily training and maintenance. For sales of products (which include the QT Breast Scanner and any accessories), revenue is recognized when a customer obtains control of the promised goods. The amount of revenue recognized reflects the consideration we expect to be entitled to receive in exchange for these goods. Service revenue is generally related to maintenance and training the customer. Service revenue is recognized at the time the related performance obligation is satisfied, in an amount that reflects the consideration that we expect to receive in exchange for those services.

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#### Cost of Revenue
Cost of revenue consists of our product costs, including manufacturing costs, personnel costs and benefits, duties and other applicable importing costs, shipping and handling costs, packaging, warranty replacement costs, fulfillment costs and inventory