Company: QTIWW
Filing Date: 2025-01-31
Form Type: S-1/A
Source: 0001628280-25-003316
Chunk: 149

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-31
Form: S-1/A
Chunk 149
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 pursuant to the Business Combination Agreement 100,000 shares of the Company’s Common Stock.

(13) As consideration for the September 2023 Non-Redemption Agreements and the December 2023 Non-Redemption Agreements, the parties to such agreements received shares of QT Imaging Common Stock equal to that number of shares that resulted in such parties as stockholders of QT Imaging receiving pursuant to the Business Combination Agreement at least 427,477 shares of the Company’s Common Stock.

(14) Shares of QT Imaging Common Stock to be issued to subscribers to the Stock Subscription Agreements entered into in November 2023 equal to that number of shares that resulted in such parties as stockholders of QT Imaging receiving pursuant to the Business Combination Agreement 150,000 shares of the Company’s Common Stock.

(15) As partial consideration for advisory fees, a financial advisor to QT Imaging received shares of QT Imaging Common Stock equal to that number of shares that resulted in such financial advisor as a stockholder of QT Imaging receiving pursuant to the Business Combination Agreement 250,000 shares of the Company’s Common Stock.

(16) The issuance on the Closing of 180,000 shares of the Combined Company in lieu of any simple or in-kind interest in conjunction with the issuance of Cable Car Promissory Note in the amount of $1,500,000. In accordance with ASC 470-20, the proceeds of $1,500,000 were recorded between the Cable Car Promissory Note and Common Stock on a relative fair value basis.

(17) In consideration for the settlement of certain liabilities for various services rendered, the parties to the agreements received an aggregate of 450,000 shares of Common Stock of the Company in lieu of cash payments.

(18) After consummation of the proposed Business Combination, the former holders of QT Imaging Equity Securities have the contingent rights to receive 9,000,000 Merger Consideration Earnout Shares. The contingently issuable Merger Consideration Earnout Shares are excluded from the expected shares issued to the former holders of QT Imaging Equity Securities above as they will not be issued at the Closing due to the contingencies associated with the earnout.

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### SUMMARY HISTORICAL FINANCIAL INFORMATION OF QT IMAGING
The following information is only a summary and should be read in conjunction with our unaudited condensed consolidated financial statements and audited consolidated financial statements and related notes contained elsewhere in this registration statement/prospectus and information discussed under “Management