Company: QTIWW
Filing Date: 2025-11-03
Form Type: S-1
Source: 0001628280-25-048373
Chunk: 400

Company: QT IMAGING HOLDINGS, INC.
Filing Date: 2025-11-03
Form: S-1
Chunk 400
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 or no market activity and which are significant to the fair value of the assets or liabilities.

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

|                        | Description: |     | Level |   |     |   | June 30, 2025 |     |   | December 31, 2024 |
|:-----------------------|:-------------|:----|:------|--:|:----|:--|--------------:|:----|:--|------------------:|
| Assets:                |              |     |       |   |     |   |               |     |   |                   |
| Certificate of deposit |              |     |       | 2 |     | $ |        20,000 |     | $ |            20,000 |
| Liabilities:           |              |     |       |   |     |   |               |     |   |                   |
| Warrant Liability      |              |     |       | 2 |     | $ |        25,791 |     | $ |            22,234 |
| Earnout liability      |              |     |       | 3 |     | $ |       280,000 |     | $ |           440,000 |
| Derivative liability   |              |     |       | 3 |     | $ |             — |     | $ |           303,300 |

Warrant Liability

The Company has determined that the warrants that were a constituent part of (i) the private placement units that were issued in a private placement sale by GigCapital5 prior to the Merger and (ii) the private placement units that were issued upon conversion of working capital notes issued by GigCapital5 prior to the Merger, which conversion occurred concurrent with the Merger (“Private Warrants”) are subject to treatment as a liability, as the transfer of the warrants to anyone other than the purchasers or their permitted transferees would result in these warrants having substantially the same terms as the warrants included in the public units that were issued by GigCapital5 prior to the Merger (“Public Warrants”). The Company determined that the fair value of each Private Warrants approximates the fair value of a Public Warrant. Accordingly, the Private Warrants are valued upon observable data