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Laser Photonics Announces Closing of Exercise of Warrants for $1.5 Million Gross Proceeds
ORLANDO, FL / ACCESS Newswire / March 17, 2026 / Laser Photonics Corporation (NASDAQ:LASE) (the "Company"), a global leader in laser systems for industrial
About this update from Laser Photonics Corporation
[{"type":"text","content":"ORLANDO, FL / ACCESS Newswire / March 17, 2026 / Laser Photonics Corporation (NASDAQ:LASE) (the \"Company\"), a global leader in laser systems for industrial and defense applications, today announced the closing of its previously announced exercise of certain outstanding warrants to purchase up to an aggregate of 1,373,630 shares of common stock of the Company originally issued in September 2025, having an exercise price of $3.40 per share, at a reduced exercise price of $1.08 per share. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on Form S-1 (No. 333-290875). The gross proceeds to the Company from the exercise of the warrants were approximately $1.5 million, prior to deducting placement agent fees and estimated offering expenses.H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.In consideration for the immediate exercise of the warrants for cash, the Company issued new unregistered Series A-3 warrants to purchase up to 1,373,630 shares of common stock and new unregistered Series A-4 warrants to purchase up to 1,373,630 shares of common stock. The new warrants have an exercise price of $1.08 per share and will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of the new warrants. The Series A-3 new warrants will expire five years after the later of (i) the date of stockholder approval and (ii) the effective date of the Resale Registration Statement (as defined below) and the Series A-4 new warrants will expire eighteen months after the later of (x) the date of stockholder approval and (y) the effective date of the Resale Registration Statement.The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.The new warrants described above were offered in a private placement pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933, as amended (the \"1933 Act\") and, along with the shares of common stock issuable upon their exercise, have not been registered under the 1933 Act, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (\"SEC\") or an applicable exemption from such registration requi...