Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 143

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 143
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 Founder Shares, and an additional 795,000 shares of Common Stock that were a constituent security of the Private Placement Units. There are 10,000 shares of Common Stock in the aggregate held by an affiliate of ICR.

(4) GigAcquisitions5 held a total of $1,500,000 of GigCapital5 Working Capital Notes that were convertible, at GigAcquisitions5's election, at a price of $10.00 per unit, into units identical to the Private Placement Units issued in connection with GigCapital5’s IPO. GigAcquisitions5 converted at the Closing $943,640 of the $1,500,000 principal balance into 94,364 units, which were then separated into 94,364 shares of the Company’s Common Stock and 94,364 Working Capital Warrants. The 94,364 Working Capital Warrants are excluded from the table.

(5) Conversion into shares of the Company’s Common Stock of shares of QT Imaging Common Stock related to QT Imaging Converting Notes that were converted into 1,148,330 shares of QT Imaging Common Stock immediately prior to the Merger. At the Closing, the shares of QT Imaging Common Stock issued from the conversion of the QT Imaging Converting Notes were exchanged for 393,535 shares of the Company’s Common Stock.

(6) As of December 2023, the former holders of QT Imaging Common Stock included the holders of 27,941,290 shares of QT Imaging Common Stock, which were exchanged for 9,373,733 shares of the Company’s Common Stock at the Closing, and participants in the Bridge Financing, who acquired 490,000 shares of QT Imaging Common Stock, which were exchanged for 167,923 shares of the Company’s Common Stock at the Closing.

(7) Amount assumes all In-the-Money Company Warrants for the purchase of 60,329 shares of QT Imaging Common Stock were net settled for 16,320 shares of QT Imaging Common Stock immediately prior to the Merger and converted into 5,594 shares of the Common Stock of the Company.

(8) Conversion into shares of the Company’s Common Stock of shares of QT Imaging Common Stock related to $200,000 in convertible notes issued in the November 2023 $1 million Bridge Loan that was converted into 291,798 shares of QT Imaging Common Stock immediately prior to the Merger. At the Closing, the shares of QT Imaging Common Stock issued from the conversion of the convertible notes issued in the Bridge Loan were exchanged