Laser Photonics Corporation (NASDAQ: LASE) announced the closing of a public stock offering on September 14, 2026. The company sold 10,500,000 shares of common stock at a price of $0.75 per share. The offering included Series B-1 warrants to purchase up to 10,500,000 shares and Series B-2 warrants to purchase up to 10,500,000 shares, with an exercise price of $0.75 per share.
The Series B-1 warrants are exercisable for five years from the date of issuance, while the Series B-2 warrants are exercisable for twenty-four months from the date of issuance. H.C. Wainwright & Co., LLC served as the exclusive placement agent for the transaction.
According to the filing, Laser Photonics received gross proceeds of approximately $7.9 million from the sale of the shares. This amount reflects the gross proceeds before deducting placement agent fees and other offering expenses. The company intends to use the net proceeds for research and development of laser-based technologies, acquisitions, and working capital.
The registration statement on Form S-1 (File No. 333-298783) relating to the offering was declared effective by the Securities and Exchange Commission on September 10, 2026. A final prospectus for the offering has been filed with the SEC.
