Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 480

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 480
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 Stock and Warrants for the purchase of Common Stock with a purchase price of $1.56 million.

The purchase price of each Share was $0.584, which represented 110% of the five-day volume weighted trading price for the Common Stock for the five-day period ending on November 12, 2024 (the “ Per Share Purchase Price ”), and the exercise price of each Warrant is $0.672. The aggregate gross proceeds to us from the Private Placement is approximately $2,560,000, before deducting the offering expenses payable by us, which expenses consist solely of legal fees. We intend to use the net proceeds from the offering for working capital.

Each Warrant will be exercisable for one share of Common Stock at an exercise price of $0.672 per share, and be exercisable beginning 6 months after its issuance at the closing of the Private Placement and ending 5 years after such issuance.

The Securities were sold without registration under the Securities Act of 1933, as amended (the “ Securities Act ”), in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act as a transaction not involving a public offering and Rule 506(b) of Regulation D promulgated under the Securities Act as sales to accredited investors and in reliance on similar exemptions under applicable state laws.

#### Consulting Services Payment
Certain consulting services were provided to GigCapital5, Inc. (“ GigCapital5 ”) starting in 2021 by ICR, LLC (“ ICR ”). Pursuant to a Payment Agreement Regarding Consulting Services that we entered into with ICR on October 9, 2024, we agreed to partially pay ICR for these consulting services through either the payment of $40,000 in cash or the issuance of 40,000 shares of Common Stock to an affiliate of ICR, Interest Solutions, LLC. On December 13, 2024, we issued 40,000 shares of Common Stock to Interest Solutions, LLC. These shares were issued without registration under the Securities Act in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act as a transaction not involving a public offering and Rule 506(b) of Regulation D promulgated under the Securities Act as an issuance to an accredited investor and in reliance on similar exemptions under applicable state laws.

#### Subscription Agreement
On April 22, 2024, we entered into a subscription agreement (the “ Subscription Agreement ”) with Sea Otter Trading, LLC (the “