Laser Photonics closes exercise of warrants for $4M in gross proceeds

Laser Photonics (LASE) announced the closing of its previously announced exercise of certain outstanding warrants to purchase up to an aggregate of 5,715,085 shares of common stock of the Company originally issued in February 2026, having an exercise price of $0.70 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. The gross proceeds to the Company from the exercise of the warrants were approximately $4M, 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-5 warrants to purchase up to 4,742,860 shares of common stock and new unregistered Series A-6 warrants to purchase up to 6,687,310 shares of common stock. The new warrants have an exercise price of $0.975 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-5 new warrants will expire five years after the later of the date of stockholder approval and the effective date of the Resale Registration Statement and the Series A-6 new warrants will expire twenty-four months after the later of the date of stockholder approval and the effective date of the Resale Registration Statement.