Company: QTIWW
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001628280-25-004061
Chunk: 367

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-02-05
Form: 424B3
Chunk 367
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 upon an event of default as described in the Yorkville Note. The Yorkville Note shall be convertible by Yorkville into shares of QTI Holdings common stock. As consideration for the Pre-Paid Advance, immediately prior to, and substantially concurrently with, the closing of the Business Combination, the Company issued to Yorkville that number of shares of the Company which converted in the aggregate into 1,000,000 shares of common stock of QTI Holdings upon the completion of the Business Combination.

On March 4, 2024, the Note principal and related accrued interest balance of $3,233,388 and the US Capital Note principal balance of $200,000 was converted into 1,048,330 and 291,798 shares of Company common stock, respectively. Additionally, warrants to purchase 60,329 shares of the Company’s common stock were net settled into 16,320 shares of the Company’s common stock.

On March 4, 2024, as consideration for the September 2023 Non-Redemption, the Company issued 427,477 shares of QTI Holdings common stock to Non-Redeeming Shareholders.

On March 4, 2024, four of the five Bridge Lenders elected the cash payment option of $240,000 per Bridge Loan for a total of $960,000.

<div align='center'>F-27</div>

#### QT IMAGING HOLDINGS, INC.

#### Condensed Consolidated Balance Sheets
<div align='center'>(Unaudited)</div>

|                                                                                                                                                                                                                                                                     |     |   | September 30, 2024 |     |   | December 31, 2023 |
|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|-------------------:|:----|:--|------------------:|
| ASSETS                                                                                                                                                                                                                                                              |     |   |                    |     |   |                   |
| Current assets:                                                                                                                                                                                                                                                     |     |   |                    |     |   |                   |
| Cash                                                                                                                                                                                                                                                                |     | $ |          1,544,169 |     | $ |           164,686 |
| Restricted cash and cash equivalents                                                                                                                                                                                                                                |     |   |             20,000 |     |   |            20,000 |
| Accounts receivable, net                                                                                                                                                                                                                                            |     |   |            256,886 |     |   |             1,290 |
| Inventory                                                                                                                                                                                                                                                           |     |   |          3,181,554 |