Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 456

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 456
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 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 Lynrock Lake Term Loan to pay YA II PN, Ltd., a Cayman Islands exempt limited partnership (“ Yorkville ”) an amount equal to $3,000,000 in cash and issued a warrant to Yorkville for the purchase of 5,000,071 shares of our Common Stock at an exercise price of $1.20 per share (the “ Yorkville Warrant ”) to fully settle and discharge our obligations under a promissory note previously issued to Yorkville. The Yorkville Warrant is exercisable until February 26, 2030. Yorkville may cashless exercise the Yorkville Warrant. The Yorkville Warrant is also subject to adjustments in the event that our Common Stock undergoes a split, reverse-split or similar event. In August 2025, the Company repurchased the Yorkville Warrant from Yorkville for an aggregate price of $5.0 million.

#### April 2025 Private Placement
The Company entered into a Securities Purchase Agreement, dated April 9, 2025, by and between the Company, on the one hand,