Recent Updates — LASE
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.
Laser Photonics Corporation appointed Rosenfield & Company, PLLC to replace Weinberg & Company, P.A. as its independent registered public accounting firm for the fiscal year ending December 31, 2026. The company's previous auditor, Weinberg & Company, issued an audit report for the fiscal year 2025 that included an explanatory-paragraph-based qualification regarding substantial doubt about the company's ability to continue as a going concern. Laser Photonics Corporation operates in the laser technology industry and provides laser-based solutions for various industrial applications.
Laser Photonics Corporation entered into warrant inducement agreements on July 16, 2026, to encourage the exercise of 2,528,572 existing Series A-5 and A-6 warrants at an exercise price of $0.975 per share. The company received $2,465,357.70 in gross proceeds and issued new Series A-7 and A-8 warrants to purchase a total of 5,057,144 shares of common stock at the same exercise price. Laser Photonics Corporation is a manufacturer of advanced laser technologies for industrial and defense applications.
Laser Photonics Corporation held a special meeting of stockholders on June 26, 2026, where stockholders representing 37.08% of outstanding shares were present. Stockholders approved both the March 15, 2026, and April 26, 2026, Warrant Inducement Agreements. Laser Photonics Corporation operates in the laser technology industry and provides laser-based solutions for industrial and defense applications.