Approval at Special Meeting of Stockholders Satisfies the Stockholder Approval Condition, Permitting Exercise of the New Series A-5 and Series A-6 Warrants
ORLANDO, FL / ACCESS Newswire / June 30, 2026 / Laser Photonics Corporation (NASDAQ:LASE) ("Laser Photonics" or the "Company"), a global leader in laser systems for industrial and defense applications, today announced that, at a special meeting of stockholders held on June 26, 2026, its stockholders approved each of the Company's previously disclosed Warrant Inducement Agreements, dated March 15, 2026 and April 26, 2026.
Under the terms of the Warrant Inducement Agreements, the new Series A-5 and Series A-6 common stock purchase warrants issued to participating holders were exercisable only on or after the date the Company obtained stockholder approval, as required under applicable Nasdaq listing rules. With stockholder approval now obtained, the condition to exercise contained in the Series A-5 and Series A-6 warrants has been satisfied, and those warrants are now exercisable in accordance with their respective terms.
As of the close of business on May 13, 2026, the record date for the special meeting, 38,568,263 shares of the Company's common stock, par value $0.001 per share, were outstanding and entitled to vote. Holders of 14,300,930 shares, or approximately 37.08% of the shares outstanding and entitled to vote, were represented at the meeting in person or by proxy.
The voting results for each proposal were as follows:
Proposal | For | Against | Abstain |
Warrant Inducement Agreement dated March 15, 2026 | 14,183,036 | 106,775 | 11,119 |
Warrant Inducement Agreement dated April 26, 2026 | 14,146,320 | 143,491 | 11,119 |
There were no broker non-votes with respect to either proposal.
Additional information regarding the special meeting and the final voting results is available in the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission.
About Laser Photonics Corporation
Laser Photonics Corporation (NASDAQ:LASE) is a global leader in laser systems for industrial and defense applications. The Company develops and manufactures advanced laser technologies used in cleaning, surface preparation, and precision material processing across demanding operating environments. Laser Photonics serves a broad range of end markets, including defense and government, aerospace, energy, maritime, automotive, and advanced manufacturing. Through a combination of internal development, strategic acquisitions, and partnerships, the Company continues to expand its product portfolio and address new applications where performance, efficiency, and environmental considerations are critical. For more information, please visit laserphotonics.com.