Company: QTIWW
Filing Date: 2025-01-16
Form Type: S-1
Source: 0001628280-25-001723
Chunk: 289

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-01-16
Form: S-1
Chunk 289
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 otherwise by physical delivery of a certificate, registered in the Company’s share register in the name of such holder or its designee, for the number of PIPE Warrant Shares to which such holder is entitled pursuant to such exercise to the address specified by such holder in the notice of exercise by the date that is the earliest of (i) two trading days after the delivery to the Company of the notice of exercise and (ii) the number of trading days comprising the Standard Settlement Period after the delivery to the Company of the notice of exercise (such date, the “ Warrant Share Delivery Date ”). Upon delivery of the notice of exercise, an exercising holder shall be deemed for all corporate purposes to have become the holder of record of the PIPE Warrant Shares with respect to which the PIPE Warrant has been exercised, irrespective of the date of delivery of the PIPE Warrant Shares, provided that payment of the aggregate exercise price is received by the Warrant Share Delivery Date. If the Company fails for any reason to deliver to the exercising holder the PIPE Warrant Shares subject to a notice of exercise by the Warrant Share Delivery Date, the Company shall pay to such holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of PIPE Warrant Shares subject to such exercise (based on the volume weighted adjusted price of the Common Stock on the date of the applicable notice of exercise), $10 per trading day (increasing to $20 per trading day on the third trading day after the Warrant Share Delivery Date) for each trading day after such Warrant Share Delivery Date until such PIPE Warrant Shares are delivered or such holder rescinds such exercise. “ Standard Settlement Period ” means the standard settlement period, expressed in a number of trading days, on the Company’s primary trading market with respect to the Common Stock as in effect on the date of delivery of the notice of exercise.

In addition to any other rights available to an exercising holder, if the Company fails to cause its transfer agent to transmit to such holder the PIPE Warrant Shares in accordance with the provisions of discussed in the prior paragraph pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date such holder is required by its broker to purchase (in an open market transaction or otherwise) or such holder’s brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by such holder of the PIPE Warrant Shares which such holder anticipated receiving upon such exercise (a “ Buy-In ”), then the Company shall (A