Laser Photonics to raise $2.5M through warrant exercise

Laser Photonics Corporation (NASDAQ: LASE) announced it has entered into definitive agreements for the exercise of outstanding warrants to purchase up to 2,528,572 shares of common stock, originally issued in April 2026, at an exercise price of $0.975 per share.

The company expects to receive approximately $2.5 million in gross proceeds from the transaction, before deducting placement agent fees and offering expenses. H.C. Wainwright & Co. is acting as the exclusive placement agent. The offering is expected to close on or about July 20, 2026, subject to customary closing conditions.

In exchange for the immediate cash exercise of the warrants, Laser Photonics will issue new unregistered Series A-7 warrants to purchase up to 800,000 shares and Series A-8 warrants to purchase up to 4,257,144 shares of common stock. Both series carry an exercise price of $0.975 per share and will be exercisable immediately upon issuance. The Series A-7 warrants will expire five years after the effective date of a planned resale registration statement, while the Series A-8 warrants will expire 24 months after that date.

The new warrants are being issued in a private placement under an exemption from registration requirements of the Securities Act of 1933. The company said it intends to file a registration statement with the Securities and Exchange Commission covering the resale of shares issuable upon exercise of the new warrants.

Laser Photonics said it intends to use the net proceeds for working capital and general corporate purposes.

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