Laser Photonics Raises $1.5M from 1.37M Warrant Exercises at $1.08
Laser Photonics closed the exercise of 1,373,630 warrants at a reduced $1.08 per share, generating approximately $1.5 million in gross proceeds. The company also issued Series A-3 and A-4 warrants for 1,373,630 shares at $1.08, exercisable upon stockholder approval and expiring in five years and 18 months.
1. Warrant Exercise Closes
Laser Photonics closed the exercise of 1,373,630 outstanding warrants originally issued in September 2025 at a reduced exercise price of $1.08 per share, generating approximately $1.5 million in gross proceeds before fees and expenses.
2. New Warrants Issued
In connection with the exercise, the company issued unregistered Series A-3 and A-4 warrants for up to 1,373,630 common shares each, both at $1.08 per share, exercisable upon stockholder approval, with Series A-3 warrants expiring five years later and Series A-4 warrants expiring after 18 months.
3. Use of Proceeds
The company intends to apply net proceeds from the warrant exercise toward working capital needs and general corporate purposes to support ongoing operations and growth initiatives.