Business
Laser Photonics Closes $4 Million Private Placement
Strengthens balance sheet and provides growth capital ORLANDO, FL / ACCESS Newswire / October 1, 2025 /Laser Photonics Corporation (NASDAQ:LASE) ("LPC" or the "Company"), $LASE, a global leader in industrial laser systems for cleaning and other material ...
About this update from Laser Photonics Corporation
[{"type":"text","content":"Strengthens balance sheet and provides growth capital","length":53,"tagName":"p"},{"type":"text","content":"ORLANDO, FL / ACCESS Newswire / October 1, 2025 / Laser Photonics Corporation (NASDAQ:LASE) ("LPC" or the "Company"), $LASE, a global leader in industrial laser systems for cleaning and other material processing applications, today announced that it has closed its previously announced at-the-market private placement (under NASDAQ rules), announced on September 26, 2025 for the issuance and sale of:","length":421,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"1,098,902 shares of its common stock, at a purchase price of $3.64 per share,","length":77,"tagName":"p"}]},{"val":[{"type":"text","content":"Series A warrants to purchase up to an aggregate of 1,098,902 shares of common stock at $3.40 per share,","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"Series B warrants to purchase up to an aggregate of 1,098,902 shares of common stock at $3.40 per share.","length":104,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":285,"olType":false},{"type":"text","content":"Wayne Tupuola, CEO of Laser Photonics, commented:","length":49,"tagName":"p"},{"type":"text","content":""This capital raise strengthens our balance sheet and provides a resource to accelerate integration and growth from our recent CMS and Beamer acquisitions. These businesses open up new high-value markets for Laser Photonics, and we're excited to scale their impact within our broader platform. With this funding, we are better positioned to drive sales, expand our pipeline of strategic opportunities and continue executing on initiatives that we believe will enhance shareholder value."","length":501,"tagName":"p"},{"type":"text","content":"The warrants are exercisable immediately upon issuance. The series A warrants will expire five years after the effective date of the registration statement registering for resale the underlying series A warrant shares, and the series B warrants will expire eighteen months after the effective date of the registration statement registering for resale the underlying series B warrant shares.","length":390,"tagName":"p"},{"type":"text","content":"The aggregate gross proceeds to the Company from the offering were approximately $4 million, before deducti...