Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 418

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 418
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the “QT Imaging Private Placement Warrants”) with an exercise price of $ 11.67(the “2022 Offering”). As of December 31, 2023, the Company has issued 167,925Units for net proceeds of $ 1,932,850, which 0and 89,532Units were issued during the three and nine months ended September 30, 2023, respectively, for total net proceeds of $ 0and $ 1,026,550, respectively. The re were noUnits issued during the three and nine months ended September 30, 2024 . On March 4, 2024, all outstanding QT Imaging Private Placement Warrants were deemed out of the money and terminated in accordance with the Business Combination Agreement.

QT Imaging Warrants for Common Stock

In addition to the warrants sold as part of the Units in the 2022 Offering, the Company also issued warrants to consultants and to placement agents in association with debt issuances and past private offerings. At the option of the warrant holders, the warrants can be fully settled in shares of common stock, or converted via net share settlement, in which the warrant holder will receive shares equal to the number of shares purchasable under the warrants multiplied by the difference between the fair market value of the shares and the exercise price, divided by the fair market value of the shares.

<div align='center'>F-57</div>

#### QT IMAGING HOLDINGS, INC.

### Notes to Condensed Consolidated Financial Statements
<div align='center'>(Unaudited)</div>

The following table represents the QT Imaging warrant activity as follows for the nine months ended September 30, 2024:

|                                                       |     | Number of 
 Warrants  |          |
| Outstanding, January 1, 2024                          |     |           |  422,064 |
| Exercised                                             |     |           |  -16,320 |
| Terminated pursuant to business combination agreement |     |           | -405,744 |
| Outstanding, September 30, 2024                       |     |           |        — |

The fair value of the QT Imaging warrants issued as part of the 2022 Offering and included in stockholders’ deficit in the condensed consolidated balance sheets was $ 0and $ 462,413for the three and nine months ended September 30, 2023, respectively. The fair value of the remaining warrant granted during the nine months ended September 30, 2023 was