Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 355

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 355
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941,290and 27,580,040shares of common stock issued and outstanding, respectively.

Future dividends may be paid on the outstanding shares of common stock as and when declared by the Board of Directors out of funds legally available therefor; provided, however, that nodividends shall be made with respect to the common stock until any preferential dividends required to be paid or set apart for any shares of preferred stock have been paid or set apart.

Common stock reserved for future issuance as of December 31, 2023 is as follows:

| Common stock warrants                   |     |  1,231,484 |
| Options outstanding                     |     |  3,646,922 |
| Options available under the Plan        |     |  3,353,078 |
| Potential shares from convertible notes |     |  2,073,554 |
| Subscription agreements                 |     |  3,833,912 |
|                                         |     | 14,138,960 |

Preferred Stock

The Company is authorized to issue 10,000,000shares of preferred stock, with a par value of $ 0.001, with such designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors. As of December 31, 2023 and 2022, there were noshares of preferred stock issued and outstanding.

Private Placement

In November 2022, the Company initiated an offering to sell to a select group of accredited investors only, on a private placement basis, 1,000,000 units for a purchase price of $4.00 per unit (the “Units”), each Unit consisting of one share of common stock and one warrant to purchase one share of common stock with an exercise price of $4.00 (the “2022 Offering”).As of December 31, 2023, the Company has issued 490,000Units for net proceeds of $ 1,932,850, which 261,250Units were issued in 2023 for total net proceeds of $ 1,026,550and 228,750Units were issued in 2022 for net proceeds of $ 906,300in 2022.

Warrants for Common Stock

In addition to the warrants sold as part of the Units in the 2022 Offering, the Company also issued warrants to consultants and to placement agents in association with debt issuances and past private offerings. At the option of the warrant holders, the warrants can