LASE · Laser Photonics Corporation

Laser Photonics Corporation entered into a warrant inducement agreement on April 26, 2026, with holders of its existing Series A-1 and A-2 warrants. The holders exercised those warrants for cash, generating approximately $4 million in gross proceeds before fees and expenses. As inducement, the Company issued new unregistered Series A-5 and A-6 warrants with an exercise price of $0.975 per share, exercisable only after stockholder approval. The Series A-5 warrants have a five-year term, while the Series A-6 warrants have a 24-month term. The Company is obligated to file a resale registration statement within 30 days and achieve effectiveness within 60 to 90 days, subject to SEC review. H.C. Wainwright served as exclusive placement agent, receiving a 7% cash fee and a placement agent warrant. The transaction strengthens the Company's balance sheet with immediate cash proceeds, while the new warrants provide potential future equity capital if exercised. The lock-up provisions restrict the Company from engaging in certain financing activities for up to 12 months, which may limit near-term capital-raising flexibility.