Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 368

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 368
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of outstanding options under the Plan in accordance with the terms of the Business Combination Agreement.

On March 4, 2024, the Company received the Pre-Paid Advance of $ 9,005,000of net proceeds from Yorkville (“Yorkville Note”) that will be due 15months from the date of issuance, and interest shall accrue on the outstanding balance of the Yorkville Note at an annual rate equal to 6%, subject to an increase to 18% upon an event of default as described in the Yorkville Note. The Yorkville Note shall be convertible by Yorkville into shares of QTI Holdings common stock. As consideration for the Pre-Paid Advance, immediately prior to, and substantially concurrently with, the closing of the Business Combination, the Company issued to Yorkville that number of shares of the Company which converted in the aggregate into 1,000,000shares of common stock of QTI Holdings upon the completion of the Business Combination.

On March 4, 2024, the Note principal and related accrued interest balance of $ 3,233,388and the US Capital Note principal balance of $ 200,000was converted into 1,048,330and 291,798shares of Company common stock, respectively. Additionally, warrants to purchase 60,329shares of the Company’s common stock were net settled into 16,320shares of the Company’s common stock.

On March 4, 2024, as consideration for the September 2023 Non-Redemption, the Company issued 427,477 shares of QTI Holdings common stock to Non-Redeeming Shareholders.

On March 4, 2024, four of the five Bridge Lenders elected the cash payment option of $ 240,000per Bridge Loan for a total of $ 960,000.

<div align='center'>F-27</div>

#### QT IMAGING HOLDINGS, INC.

#### Condensed Consolidated Balance Sheets
<div align='center'>(Unaudited)</div>

|                                                                                                                                                                                                                                                            |     |   | September 30, 2024 |     |   | December 31, 2023 |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|-------------------:|:----|:--|------------------:|
| ASSETS                                                                                                                                                                                                                                                     |     |   |                    |     |   |                   |
| Current assets:                                                                                                                                                                                                                                            |     |   |                    |     |   |                   |
| Cash