Recent Updates — LASE
LASE Corp., formerly known as Laser Photonics Corporation, filed a certificate of amendment with the Delaware Secretary of State on November 4, 2026, officially changing its corporate name to LASE Corp. The company also adopted Second Amended and Restated Bylaws to reflect this change and its prior reincorporation in Delaware. Trading will continue under the ticker symbol "LASE" on The Nasdaq Capital Market. The rebranding aims to simplify the corporate structure and highlight a strategic pivot toward defense growth, specifically quantum directed-energy weapons for national security applications, while maintaining operations in pharmaceutical, semiconductor, and industrial markets. LASE Corp. is an emerging laser technology company focused on developing quantum directed-energy weapons for defense applications as well as pharmaceutical, semiconductor and industrial laser technologies.
Laser Photonics Corporation received a notification from Nasdaq stating its common stock has failed to meet the minimum bid price requirement for 30 consecutive business days. The company has until April 19, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. Failure to comply may result in delisting proceedings. Laser Photonics Corporation operates in the laser and photonics industry.
The Board of Directors appointed Timothy A. Peterman to serve permanently as Chief Financial Officer and Secretary, effective October 6, 2026. He previously served as Acting CFO since September 8, 2026. Under the employment agreement, Mr. Peterman receives an annual base salary of $300,000, a discretionary bonus opportunity of up to 60% of base salary starting in fiscal year 2027, and restricted stock units valued at 80% of his base salary with a three-year vesting period. He is also entitled to an $80,000 relocation payment and a monthly car allowance. The company engaged outside counsel Sheppard, Mullin, Richter & Hampton LLP and CBIZ, Inc. to strengthen financial reporting controls and governance frameworks. Laser Photonics Corporation develops directed energy and laser technology platforms for defense, semiconductor, pharmaceutical, and industrial markets.
Laser Photonics Corporation appointed Dmitri Nikitin, the company's founder, as Executive Chairman of the Board and principal executive officer effective October 12, 2026. Nikitin received a $400,000 annual base salary and an initial equity award of two million shares, with 50% vesting immediately and the remainder over two years. Concurrently, CEO Wayne Tupuola resigned for personal reasons effective October 13, 2026, stepping down from the Board as well. Ann Tewari concluded her service as Interim President and returned to her role as Vice President of Operations. Nikitin brings over 35 years of experience in laser technology innovation and previously served as CEO of Fonon Technologies, Inc., which holds a significant stake in the company. Laser Photonics Corporation develops directed energy and laser technology platforms for defense, semiconductor, pharmaceutical, and industrial markets.
Laser Photonics Corporation closed a public offering of 10,500,000 shares of common stock at $0.75 per share on September 14, 2026, accompanied by Series B-1 and Series B-2 warrants to purchase an additional 10,500,000 shares each, with exercise prices set at $0.75 per share. The transaction generated approximately $7.9 million in gross proceeds before fees and expenses, with H.C. Wainwright & Co., LLC serving as the exclusive placement agent. The company intends to utilize net proceeds for research and development of laser-based technologies, strategic acquisitions, and working capital. Laser Photonics Corporation develops and manufactures advanced laser systems for industrial cleaning, surface preparation, and precision material processing in defense, aerospace, energy, and manufacturing sectors.
Laser Photonics Corporation appointed Timothy A. Peterman as Acting CFO effective September 8, 2026. Mr. Peterman replaces Ralph Venegas, who resumes his prior role as Vice President of Finance and Reporting. Peterman previously served as CFO and COO at The J. Peterman Company and iMedia Brands, where he was involved in a Chapter 11 restructuring. This executive change is not material to the company's value or operations. Laser Photonics Corporation operates in the laser technology industry.