Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 436

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 436
---
File No. 333-254038), as amended, relating to the Offering of the Company was declared effective by the U.S. Securities and Exchange Commission. The Company entered into an underwriting agreement with Wells Fargo Securities, LLC (“Wells Fargo”) and William Blair & Company, L.L.C. (collectively, the “Underwriters”) on September 23, 2021 to conduct the Offering of 20,000,000units (the “Public Units”) in the amount of $ 200.0million in gross proceeds, with a 45-day option provided to the Underwriters to purchase up to 3,000,000additional Public Units solely to cover over-allotments, if any, in the amount of up to $ 30.0million in additional gross proceeds. Each Public Unit consists of one share of the Company’s common stock (a “Public Share”), $ 0.0001par value, and one redeemable warrant (a “Public Warrant”).Each Public Warrant is exercisable for oneshare of common stock at a price of $ 11.50per full share.

On September 28, 2021, the Company consummated the Offering of 23,000,000Public Units, including the issuance of 3,000,000Public Units as a result of the Underwriters exercise in full of their over-allotment option. The Public Units were sold at a price of $ 10.00per Public Unit, generating gross proceeds to the Company of $ 230,000,000.

Simultaneously with the closing of the Offering, the Company consummated the closing of a private placement sale (the “Private Placement”) to the Company’s sponsor GigAcquisitions5, LLC, a Delaware limited liability company (the “Founder” or “Sponsor”), of 795,000units (the “Private Placement Units”), at a price of $ 10.00per Private Placement Unit. The Private Placement generated aggregate gross proceeds of $ 7,950,000.

Following the closing of the Offering, net proceeds in the amount of $ 225,400,000from the sale of the Units and proceeds in the amount of $ 6,900,000from the sale of Private Placement Units, for a total of $ 232,300,000, were placed in a trust account (the “Trust Account”), which is described further below.

Transaction costs amounted to $ 13,193,740, consisting of $ 4,600