Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 427

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 427
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ITAL5, INC.

#### Notes to Financial Statements
Reconciliation of Net Loss Per Common Share

In accordance with the two-class method, the Company’s net loss is adjusted for net income that is attributable to common stock subject to redemption, as these shares only participate in the income of the Trust Account and not the losses of the Company. Accordingly, net loss per common share, basic and diluted, is calculated as follows:

|                                                                                                    |     |   |   Year Ended 
 December 31, 
         2023 |           |     |   |   Year Ended 
 December 31, 
         2022 |            |
|:---------------------------------------------------------------------------------------------------|:----|:--|-------------:|----------:|:----|:--|-------------:|-----------:|
| Common stock subject to possible redemption                                                        |     |   |              |           |     |   |              |            |
| Numerator: Earnings allocable to common stock subject to redemption                                |     |   |              |           |     |   |              |            |
| Interest earned on marketable securities held in Trust Account, net of taxes                       |     | $ |    1,107,741 |           |     | $ |    1,143,783 |            |
| Net income attributable to common stock subject to possible redemptions                            |     | $ |    1,107,741 |           |     | $ |    1,143,783 |            |
| Denominator: Weighted-average common shares subject to redemption                                  |     |   |              |           |     |   |              |            |
| Basic and diluted weighted-average shares outstanding, common stock subject to possible redemption |     |   |              | 3,020,634 |     |   |              | 17,954,419 |
| Basic and diluted net income per share, common stock subject to possible redemption                |     | $ |         0.37 |           |     | $ |         0.06 |            |
| Non-Redeemable common stock                                                                        |     |   |              |           |     |   |              |            |
| Numerator: Net loss minus net earnings - Basic and diluted                                         |     |   |              |           |     |   |              |            |
| Net loss                                                                                           |     | $ |   -4,024,591 |           |     | $ |   -2,774,307 |            |
| Less: net