Company: QTIWW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001844505-25-000053
Chunk: 64

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 the condensed consolidated financial statements were as follows: Condensed Consolidated Balance Sheet Line Items ImpactedMarch 31, 2024 - As FiledAdjustmentsMarch 31, 2024 - As RevisedAdditional paid-in capital$17,152,441 $(3,670,000)$13,482,441 Accumulated deficit$(22,068,735)$3,670,000 $(18,398,735)Other Condensed Consolidated Financial Statement Line ItemsThree Months Ended March 31, 2024 - As FiledAdjustmentsThree Months Ended March 31, 2024 - As RevisedCondensed Consolidated Statement of Operations and Comprehensive LossChange in fair value of earnout liability$(1,060,000)$3,670,000 $2,610,000 Net loss and comprehensive loss$(4,298,590)$3,670,000 $(628,590)Net loss per share - basic and diluted$(0.33)$0.28 $(0.05)Condensed Consolidated Statement of Cash FlowsNet loss$(4,298,590)$3,670,000 $(628,590)Change in fair value of earnout liability$1,060,000 $(3,670,000)$(2,610,000)

16.    Subsequent Events

The Company entered into a Securities Purchase Agreement, dated April 9, 2025 (the “Securities Purchase Agreement”), by and between the Company, on the one hand, and Dr. Avi Katz, the Chairman of the Company’s Board of Directors, and Dr. Raluca Dinu, the Chief Executive Officer and a member of the Company’s Board of Directors, on the other hand, (together, the “Purchasers”) for a private placement (the “Private Placement”) of securities. On April 24, 2025, at the closing of the Private Placement, the Company issued (i) 784,929 shares (the “Shares”) of common stock; and (ii) a Common Stock Purchase Warrant (the “Warrant” and together with the Shares, the “Securities”) with a term of ten years from the initial exercise date to purchase up to an additional 1,569,858 shares of common stock.The purchase price of each Share was $0.637, which represented 110% of the volume weighted trading price for the common stock on April 9, 2025 (the “Per Share