Company: QTIWW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001844505-25-000038
Chunk: 318

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 318
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000)$18,798,801 Accumulated deficit$(32,122,605)$3,670,000 $(28,452,605)Other Condensed Consolidated Financial Statement Line ItemsNine Months Ended September 30, 2024 - As FiledAdjustmentsNine Months Ended September 30, 2024 - As RevisedCondensed Consolidated Statement of Operations and Comprehensive LossChange in fair value of earnout liability$(700,000)$3,670,000 $2,970,000 Net loss and comprehensive loss attributable to QT Imaging Holdings, Inc.$(9,166,958)$3,670,000 $(5,496,958)Net loss and comprehensive loss attributable to common stockholders$(14,352,460)$3,670,000 $(10,682,460)Net loss per share - basic and diluted$(0.77)$0.20 $(0.57)Condensed Consolidated Statement of Cash FlowsNet loss$(9,166,958)$3,670,000 $(5,496,958)Change in fair value of earnout liability$700,000 $(3,670,000)$(2,970,000)

18. Subsequent Events

On January 9, 2025, the Company and Yorkville entered into the Third Omnibus Amendment to the Yorkville Note, (the “Third Amendment”), pursuant to which, the Company and Yorkville agreed that for $1.5 million of the then current outstanding balance due under the Yorkville Note (principal and unpaid accrued interest), the fixed price for conversion shall be modified to $0.584 per share, and for the remainder of the balance, the fixed price shall not be changed but shall remain $4.61395 per share as provided for in the Yorkville Note when the Company issued it on March 4, 2024. Further, the Third Amendment removed the Company’s obligation to make monthly payments to Yorkville, previously owing due to the occurrence of the Trigger Event, such that no further monthly payments will be owed during the period beginning on the date of the Third Amendment and ending on the maturity date of the Yorkville Note of March 31, 2026. In exchange for this relief, the aggregate purchase price owed to the Company from the first Advance that occurs pursuant to the terms of the SEPA (the “Advance Proceeds”) shall be paid by Yorkville offsetting the amount of the Advance Proceeds against an equal amount outstanding under