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Laser Photonics Announces Closing of Exercise of Warrants for $1.5 Million Gross Proceeds

LASE
  • Laser Photonics Corporation (NASDAQ: LASE) closed the exercise of outstanding warrants originally issued in September 2025, reducing the exercise price from $3.40 to $1.08 per share.
  • The company exercised 1,373,630 warrants, generating approximately $1.5 million in gross proceeds prior to fees & expenses.
  • H.C. Wainwright & Co. served as the exclusive placement agent for the transaction.
  • In exchange for the immediate cash exercise, the company issued new unregistered Series A-3 & Series A-4 warrants, each allowing the purchase of 1,373,630 shares at $1.08 per share.
  • The Series A-3 new warrants will expire five years after stockholder approval or the effective date of the Resale Registration Statement, whichever is later.
  • The Series A-4 new warrants will expire eighteen months after stockholder approval or the effective date of the Resale Registration Statement, whichever is later.
  • The company intends to use net proceeds from the offering for working capital & general corporate purposes.
  • A Resale Registration Statement will be filed with the SEC to cover the resale of shares issuable upon exercise of the new warrants.
  • The transaction was conducted via private placement under an exemption from the registration requirements of the Securities Act of 1933.