Company: QTIWW
Filing Date: 2025-10-01
Form Type: 8-K
Source: 0001628280-25-043297
Chunk: 1

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-10-01
Form: 8-K
Item: Item 1.01
Chunk 1
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 and the Purchasers, and customary closing conditions, indemnification rights, and other obligations of the parties. Under the Securities Purchase Agreement, the Company agreed to use the net proceeds from the sale of the Securities for working capital purposes and to not use such proceeds: (a) for the redemption of any Common Stock or Common Stock Equivalents (as such term is defined in the Securities Purchase Agreement), (b) for the satisfaction of any portion of the Company’s debt (other than repayment of $5 million of outstanding principal in accordance with the terms of the First Amendment to the Credit Agreement with Lynrock Lake Master Fund LP that it entered into on August 26, 2025 as disclosed in a Current Report on Form 8-K that the Company filed with the Securities and Exchange Commission (the “SEC”) on August 28, 2025, and payment of trade payables in the ordinary course of the Company’s business and prior practices), (c) for the settlement of any outstanding litigation or (d) in violation of the Foreign Corrupt Practices Act of 1977, as amended, or the regulations promulgated by the Office of Foreign Assets Control of the U. S. Treasury Department.

The Securities Purchase Agreement provided that within thirty (30) days of the Closing, the Company shall apply to list the Common Stock on any of the Nasdaq Capital Market, the Nasdaq Global Market, or the Nasdaq Global Select Market and shall include in such application all of the Shares and Warrant Shares and will take such other action as is necessary to cause all of the Shares and Warrant Shares to be listed thereon as promptly as possible.

The Securities Purchase Agreement is governed by the laws of the State of New York.

The foregoing summary of the Securities Purchase Agreement is qualified in its entirety by reference to the Securities Purchase Agreement, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1, and the terms of which are incorporated in this Current Report on Form 8-K by reference.

Subscription Warrant

The Subscription Warrants, when issued, will be exercisable for 12,120,798 shares of Common Stock at an exercise price of $1.50 per share, and be exercisable beginning 6 months after its issuance at the Closing and ending 5 years after such issuance. The Subscription Warrants will be exercisable solely for cash unless there is no effective registration statement registering, or the prospectus contained therein is not available for the issuance of the Warrant Shares to