Laser Photonics Corp. (LASE) has provided an update.
Laser Photonics Corporation recently completed a private placement deal, raising $3 million in gross proceeds by selling units at $2.00 each to institutional investors. The funds are earmarked for acquisitions and general corporate activities. Aegis Capital Corp. functioned as the exclusive placement agent, receiving an 8% fee on the gross proceeds. Additionally, the deal included warrants with an exercise price of $4.34, exercisable within six months or upon shareholder approval, and valid for 5.5 years. The company also committed to a 60-day restriction on issuing additional equity or equity-related securities post-deal.
For detailed information about LASE stock, go to TipRanks’ Stock Analysis page.