Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 123

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 123
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rock Lake Warrant and the exercise price has been adjusted.

On April 9, 2025, the Company completed the First Private Placement issuance of securities to 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 , pursuant to the terms and conditions of the First Securities Purchase Agreement. At the closing of the First Private Placement, the First Purchasers purchased and the Company issued, (i) using amounts from prior to the implementation of the Reverse Stock Split, 784,929 Common Shares, and following the Reverse Stock Split, 261,644 Common Shares and (ii) the Ten Year Common Warrant .

The purchase price of each Common Share sold in the First Private Placement on a pre-Reverse Stock Split basis wa s $0.637. The aggregate gross proceeds to the Company from the First Private Placement were approximately $500,000, before deducting the placement agent fees and other offering expenses payable by the Company. The use of the new proc eeds from the First Private Placement has been for general corporate purposes, including working capital.

The First Securities Purchase Agreement contains customary representations, warranties, and covenants of the Company and the First Purchasers and customary closing conditions, indemnification rights, and other obligations of the parties. In connection with the First Private Placement, the Company entered into the First Registration Rights Agreement with the First Purchasers. Pursuant to the First Registration Rights Agreement, the Company is required to file and maintain a resale registration statement with the SEC in order to register the Common Shares sold to the First Purchasers and the shares issuable upon exercise of the Ten Year Common Warrants. We will be obligated to pay certain liquidated damages to the First Purchasers if we fail to maintain the effectiveness of the registration statement pursuant to the terms of the First Registration Rights Agreement.

On May 12, 2025, the Company completed the Second Private Placement issuance of securities to the Second Purchaser, pursuant to the terms and conditions of the Second Securities Purchase Agreement. At the closing of the Second Private Placement, the Second Purchaser purchased and the Company issued using amounts from prior to the implementation of the Reverse Stock Split (i) 205,339 Common Shares (and following the Reverse Stock Split, 68,447 Common Shares) and (ii) the Recanati Warrant, which since the Effective Time, the number of shares to be issued upon exercise of the Recanati