Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 128

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 128
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 Placement is exercisable for one share of Common Stock at an exercise price of $0.672 per share, and is exercisable beginning on May 22, 2025 and ending on November 22, 2029.

The purchase price of each PIPE Share was $0.584. The aggregate gross proceeds to the Company from the Private Placement were approximately $2,560,000, before deducting offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital.

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

In addition, on December 13, 2024, we issued 40,000 ICR Shares to Interest Solutions, an affiliate of ICR, pursuant to the terms of the Payment Agreement that we entered into with ICR on October 9, 2024, in which we agreed to partially pay ICR for consulting services to our predecessor, GigCapital5.

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### DIVIDEND POLICY
The Company has not paid any cash dividends on the Common Stock to date. The Company may retain future earnings, if any, for future operations, expansion and debt repayment and has no current plans to pay cash dividends for the foreseeable future. Any decision to declare and pay dividends in the future will be made at the discretion of the Board and will depend on, among other things, the Company’s results of operations, financial condition, cash requirements, contractual restrictions and other factors that the Board may deem relevant. In addition, the Company’s ability to pay dividends may be limited by covenants of any existing and future outstanding indebtedness the Company or its subsidiaries incur. The Company does not anticipate declaring any cash dividends to holders of the Common Stock in the foreseeable future.

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### DETERMINATION OF