Laser Photonics Corporation (NASDAQ: LASE) announced the exercise of warrants to purchase 5,715,085 shares of common stock at $0.70 per share, generating approximately $4 million in gross proceeds before fees and expenses.

The warrants were originally issued in February 2026 and are registered under an effective Form S-1 registration statement. H.C. Wainwright & Co. serves as the exclusive placement agent for the transaction.

In exchange for the immediate warrant exercise, the company will issue new unregistered Series A-5 warrants for up to 4,742,860 shares and Series A-6 warrants for up to 6,687,310 shares. The new warrants carry an exercise price of $0.975 per share and require stockholder approval before becoming exercisable.

The Series A-5 warrants will expire five years after stockholder approval and registration statement effectiveness, while Series A-6 warrants will expire 24 months after those conditions are met.

The offering is expected to close on April 28, 2026, subject to customary closing conditions. The company stated it intends 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 have not been registered with the Securities and Exchange Commission. Laser Photonics agreed to file a registration statement covering the resale of shares issuable upon exercise of the new warrants.

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