Business
New to The Street's Esteemed Client Laser Photonics Closes $4 Million Private Placement
NEW YORK CITY, NEW YORK / ACCESS Newswire / October 1, 2025 /Laser Photonics Corporation (NASDAQ:LASE) ("LPC" or the "Company"), a global leader in industrial laser systems for cleaning and other material processing applications, and an esteemed client ...
About this update from Laser Photonics Corporation
[{"type":"text","content":"NEW YORK CITY, NEW YORK / ACCESS Newswire / October 1, 2025 / Laser Photonics Corporation (NASDAQ:LASE) ("LPC" or the "Company"), a global leader in industrial laser systems for cleaning and other material processing applications, and an esteemed client of New to The Street, today announced it has closed its previously announced at-the-market private placement (under NASDAQ rules), first disclosed on September 26, 2025.","length":443,"tagName":"p"},{"type":"text","content":"The financing included:","length":23,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"1,098,902 shares of common stock at a purchase price of $3.64 per share","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Series A warrants to purchase up to 1,098,902 shares of common stock at $3.40 per share","length":87,"tagName":"p"}]},{"val":[{"type":"text","content":"Series B warrants to purchase up to 1,098,902 shares of common stock at $3.40 per share","length":87,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":245,"olType":false},{"type":"text","content":"The transaction generated gross proceeds of approximately $4 million, before deducting placement agent fees and offering expenses.","length":130,"tagName":"p"},{"type":"text","content":"Wayne Tupuola, CEO of Laser Photonics, commented:","length":49,"tagName":"p"},{"type":"blockquote","items":[{"val":[{"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":502,"tagName":"p"}]}],"isPullQuote":false,"pullquoteImage":null,"source":"","length":502},{"type":"text","content":"Vince Caruso, Co-Founder and CEO of New to The Street, added:","length":61,"tagName":"p"},{"type":"blockquote","items":[{"val":[{"type":"text","content":""Laser Photonics continues to prove itself as an innovative leader in industrial laser technologies. Their ability to attract strong investor suppor...