Laser Photonics closes $7.9 million follow-on stock offering priced at $0.75 per share
LASE•Follow-on offering closes
Laser Photonics closed a public offering of 10,500,000 common shares with Series B-1 and Series B-2 warrants at $0.75 per share.
- Gross proceeds were about $7.9 million, before placement agent fees and offering expenses.
- Both warrant series carry a $0.75 exercise price and are exercisable upon issuance.
- Series B-1 warrants expire five years from issuance.
- Series B-2 warrants expire 24 months from issuance.
- Net proceeds are earmarked for R&D, acquisitions, and working capital.
