Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 333

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 333
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 of the Service Agreement and the termination of options to purchase 5,667shares of common stock with a strike price of $ 25.50per option that were issued as part of the Service Agreement, QT Imaging agreed to issue that number of shares that converted into 3,333shares of the Company’s common stock. The issuance of these shares resulted in an additional transaction expense of $ 35,300 recorded as selling, general and administrative expense within the consolidated statement of operations and comprehensive loss during the year ended December 31, 2024.

In February 2024, QT Imaging received $ 500,000in exchange for that number of shares that converted into 66,667shares of the Company's common stock in accordance with the terms of the subscription agreement and Business Combination Agreement. The issuance of these shares resulted in an additional transaction expense of $ 206,000 recorded as selling, general and administrative expense within the consolidated statement of operations and comprehensive loss during the year ended December 31, 2024.

Pursuant to an amendment dated December 13, 2023 , between QT Imaging and Exit Strategy Partners, LLC (“Adviso r”), the Company agreed to pay for Advisor’s services in exchange for that number of shares that converted into 83,334shar es of the Company’s common stock and a total cash amount of $ 225,000, of which $ 125,000was paid on the closing of the Business Combination on March 4, 2024 and the remaining $ 100,000is due on the first anniversary of the closing of the Business Combination, which is recorded in accrued expenses and other current liabilities within the consolidated balance sheet as of December 31, 2024. The total cash consideration and issuance of shares related to this amendment resulted in a transaction expense of $ 1,107,500recorded as selling, general and administrative expense within the consolidated statement of operations and comprehensive loss during the year ended December 31, 2024.

On March 4, 2024 , as consideration for the December 2023 Non-Redemption with certain GigCapital5 stockholders (“Non-Redeeming Stockholders”), QT Imaging issued that number of shares that converted into 142,492s hares of the Company’s common stock to the Non-Redeeming Stockholders. The issuance of these shares resulted in a transaction expense of $ 1,508,994 recorded as selling, general and administrative expense within the consolidated statement of operations and comprehensive loss during the