Laser Photonics Corporation (NASDAQ: LASE) completed 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, according to a company statement.

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. H.C. Wainwright & Co. served as the exclusive placement agent for the transaction.

In exchange for the immediate warrant exercise, the company issued new unregistered Series A-3 and Series A-4 warrants, each covering up to 1,373,630 shares of common stock 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 the Series A-4 warrants will expire 18 months after those same conditions are met.

The new warrants require stockholder approval before they become exercisable and were issued in a private placement exempt from Securities Act registration requirements. The company has committed to filing a registration statement with the Securities and Exchange Commission for the resale of shares issuable upon exercise of the new warrants.

Laser Photonics plans to use the net proceeds for working capital and general corporate purposes. The company develops laser systems for industrial and defense applications, serving markets including aerospace, energy, maritime, automotive, and advanced manufacturing.