Laser Photonics says warrant exercise to raise USD 2.5 million gross proceeds
LASE•Warrant exercise expected to bring in about USD 2.5 million
Laser Photonics said it has set definitive agreements for the immediate cash exercise of April 2026 warrants for 2,528,572 shares at USD 0.98 each.
Gross proceeds are expected to be about USD 2.5 million, with closing targeted around July 20, 2026.
As part of the incentive terms, the company said it will issue unregistered Series A-7 warrants for 800,000 shares, which will expire five years after resale registration effectiveness.
It also said unregistered Series A-8 warrants for 4,257,144 shares will be issued, expiring 24 months after resale registration effectiveness, with an exercise price of USD 0.98.
The company said it will file a resale registration statement covering the shares issuable on exercise of the new warrants.
