Laser Photonics Corp

Laser Photonics Corp entered into warrant inducement agreements with holders of existing Series A-5 and A-6 warrants, resulting in gross proceeds of approximately $2.5 million. In exchange for exercising their existing warrants for cash, holders received new unregistered Series A-7 and A-8 warrants. The company will use the net proceeds for working capital and general corporate purposes and has committed to filing a resale registration statement for the new warrants.

Laser Photonics Corporation filed an S-1 registration statement to register up to 11,830,226 shares of common stock for resale by identified selling stockholders. These shares are issuable upon the exercise of Series A-5, Series A-6, and Placement Agent Warrants. While the company will not receive proceeds from the sale of shares by selling stockholders, it may receive cash proceeds if the warrants are exercised for cash. The filing also details recent corporate developments, including warrant inducement agreements, asset acquisitions, and financial performance.

Laser Photonics stockholders approved two Warrant Inducement Agreements, dated March 15, 2026, and April 26, 2026, at a special meeting held on June 26, 2026. This approval fulfills a condition under Nasdaq listing rules, making the new Series A-5 and Series A-6 common stock purchase warrants immediately exercisable. Approximately 37.08% of the company's outstanding shares were represented at the meeting.

Laser Photonics Corp announced a change in its financial leadership. The company terminated its engagement with The CFO Portal, LLC, which had provided Roman Franklin as Principal Financial Officer. Mr. Franklin received a $50,000 payment in connection with the termination. Concurrently, the Board of Directors appointed Ralph Venegas as the new Principal Financial Officer and Acting Chief Financial Officer. Mr. Venegas brings extensive experience from previous roles, including VP of Finance & Reporting at Fonon Quantum Technologies, Inc. and various financial leadership positions.

Laser Photonics Corporation announced that its President and CEO, Wayne Tupuola, will be taking a three-month leave of absence due to health reasons, effective June 16, 2026. In response, the Board of Directors has appointed Ann Tewari, the company's Executive Vice President of Global Operations and Strategy, as the Interim President.

Laser Photonics Corporation announced it has regained compliance with Nasdaq Listing Rule 5250(c)(1) regarding timely periodic financial reports. The company received a notice from Nasdaq on June 12, 2026, confirming compliance after filing its Form 10-Q for the period ended March 31, 2026, on June 11, 2026. Nasdaq had previously issued a non-compliance notice on May 21, 2026, due to the delayed filing, but has now closed the matter.

Laser Photonics Corp filed its Q1 2026 10-Q report, revealing a significant decline in net sales and a widening operating loss. Net sales dropped to $915,553 from $2,290,282 year-over-year, resulting in a gross loss of $388,451 compared to a gross profit of $900,491 in the prior year. The company's net loss for the quarter was $2,946,284, an increase from $1,680,723 in Q1 2025. Despite the operational challenges, total assets grew, and total liabilities and stockholders' deficit decreased.

Laser Photonics reported first quarter 2026 financial results, with net sales decreasing to $0.9 million from $2.3 million in the prior year quarter, resulting in a net loss of $2.9 million. Despite the revenue decline, the company highlighted significant progress in its defense sector, with its Laser Shield Anti-Drone System selected by the U.S. Department of War. They also expanded into medical device manufacturing with an order from Johnson & Johnson. The company strengthened its balance sheet by raising approximately $9.7 million in net proceeds through offerings and warrant exercises, which were used to repay debt and improve working capital. Manufacturing consolidation is expected to yield significant cost savings.

Laser Photonics Corp. has scheduled a special meeting of shareholders for June 26, 2026, to be held virtually. The primary purpose of the meeting is to vote on two warrant inducement agreements: one dated March 15, 2026, which raised $1,483,520.40, and another dated April 26, 2026, which raised $4,000,559.50. The company's Board of Directors recommends that shareholders vote in favor of both proposals. Shareholders of record as of May 13, 2026, are eligible to vote. The filing also notes that the company's 2025 revenue was $8.3 million, up from $3.4 million in 2024.

Laser Photonics Corp received a notice from Nasdaq on May 21, 2026, indicating non-compliance with listing rules due to the delayed filing of its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The company has 60 days to submit a plan to regain compliance, with a potential extension up to November 16, 2026. Failure to comply could result in the delisting of its securities from Nasdaq, though the notice has no immediate effect on trading. Laser Photonics is actively working to file the report and expects to regain compliance.