Laser Photonics Corporation (NASDAQ: LASE) announced the exercise of warrants to purchase 1,373,630 shares of common stock, generating approximately $1.5 million in gross proceeds before fees and expenses.

The warrants, originally issued in September 2025 with an exercise price of $3.40 per share, were exercised at a reduced price of $1.08 per share. The shares issuable upon exercise are registered under an effective Form S-1 registration statement.

In exchange for the immediate warrant exercise, the company will issue new unregistered Series A-3 and Series A-4 warrants, each covering up to 1,373,630 shares at an exercise price of $1.08 per share. The Series A-3 warrants will expire five years after stockholder approval and registration statement effectiveness, while Series A-4 warrants will expire eighteen months after those events.

H.C. Wainwright & Co. is serving as the exclusive placement agent for the transaction, which is expected to close March 17, 2026, subject to customary closing conditions.

The company plans to use net proceeds for working capital and general corporate purposes. The new warrants were offered through a private placement under Securities Act exemptions and require stockholder approval before exercise.

Laser Photonics develops laser systems for industrial and defense applications, serving markets including aerospace, energy, maritime, automotive and manufacturing sectors.