Company: QTIWW
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001628280-25-058960
Chunk: 382

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-12-29
Form: S-1/A
Chunk 382
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 date of the Canon Manufacturing Agreement shall be separately agreed between the parties in writing. The term of the Canon Manufacturing Agreement is through December 31, 2026.

On April 9, 2025, the Company entered into a 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 (the “April 2025 Private Placement”). On April 24, 2025, at the closing of the April 2025 Private Placement, the Company issued (i) 261,644shares of common stock (the “Shares”) at a per share purchase price of $ 1.911, which represented 110% of the volume weighted trading price for the common stock on April 9, 2025 (the “Per Share Purchase Price”); and (ii) warrants with a term of ten yearsfrom the initial exercise date to purchase up to an additional 523,286shares of common stock with a per share exercise price of $ 2.16. The aggregate gross proceeds to the Company from the Private Placement was approximately $ 500,000, before deducting the offering expenses payable by the Company, which expenses consisted solely of legal fees.

On May 12, 2025, the Company entered into a Securities Purchase Agreement for another PIPE investment (the “May 2025 Private Placement”) in an amount of approximately $ 200,000, pursuant to which the Company issued 68,447shares of common stock plus a warrant to purchase 68,447shares of common stock. The May 2025 Private Placement provides a per share purchase price of $ 2.922, which represents 110% of the five-dayvolume weighted trading price for the common stock through May 9, 2025, and the per share exercise price of the warrant is $ 3.36.

On June 11, 2025, the Lynrock Lake Warrant was amended to update the provisions that would trigger cash settlement such that, when such events occur, the holders of the warrants receive the same form of consideration as the underlying stockholders. According to ASC 815-40, Derivatives and Hedging: Contracts in an Entities Own Equity , equity classification is permitted for an instrument that requires net-cash settlement if the holders of the contract’s underlying shares receive the same