Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 2

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 2
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 12, 2024 (the “ Securities Purchase Agreement ”) at a purchase price of $0.584 per share, (ii) 4,383,558 shares of Common Stock that are issuable upon the exercise of the Common Stock purchase warrant with a term of five years from the initial exercise date at an exercise price of $0.672 per share (the “ PIPE Warrants ”, and such shares issuable upon exercise of the PIPE Warrants, the “ PIPE Warrant Shares ”) acquired by the Purchasers, and (iii) 40,000 shares of Common Stock (the “ ICR Shares ”) issued to Interest Solutions, LLC (“ Interest Solutions ”), an affiliate of ICR, LLC (“ICR”) on December 13, 2024 pursuant to the terms of a Payment Agreement Regarding Consulting Services (the “ Payment Agreement ”) that we entered into with ICR on October 9, 2024, in which we agreed to partially pay ICR for consulting services to our predecessor, GigCapital5, Inc. (“ GigCapital5 ”). On November 22, 2024, the Company completed a private placement (the “ Private Placement ”), pursuant to the terms and conditions of the Securities Purchase Agreement by and between the Company and each of the Purchasers. Pursuant to the Securities Purchase Agreement, the Company entered into a Registration Rights Agreement with the Purchasers, dated November 12, 2024 (the “ PIPE Registration Rights Agreement ”). The aggregate gross proceeds to the Company from the Private Placement were approximately $2,560,000, before deducting offering expenses payable by the Company. See the section entitled “Private Placement of Shares of Common Stock and Warrants.” The Company is registering the PIPE Shares and PIPE Warrant Shares for resale pursuant to the PIPE Registration Rights Agreement, and the ICR Shares purchase to the Payment Agreement. The Company will not receive any of the proceeds from the sale of these shares of the Common Stock by the Selling Securityholders. However, the Company will receive proceeds from the exercise of the PIPE Warrants, if the PIPE Warrants are exercised for cash. The Company intends to use those proceeds, if any, for general corporate purposes. All fees and expenses incident to the Company’s performance of or compliance with the PIPE Registration Rights Agreement will be borne by the Company, whether or not any PIPE Shares or PIPE Warrants are sold pursuant to a registration statement. The Selling Securityholders will pay any broker commissions or similar commissions or fees incurred for the sale