Laser Photonics Corporation Raises $4 Million in Private Placement to Fuel Growth and Integration of Recent Acquisitions

Reuters10-01
<a href="https://laohu8.com/S/LASE">Laser Photonics</a> Corporation Raises $4 Million in Private Placement to Fuel Growth and Integration of Recent Acquisitions

Laser Photonics Corporation (NASDAQ: LASE), a global leader in industrial laser systems, has closed a $4 million private placement. The offering included 1,098,902 shares of common stock at $3.64 per share, along with Series A and Series B warrants to purchase an equal number of shares at $3.40 per share. The Series A warrants will expire five years after the relevant registration, while the Series B warrants will expire eighteen months after registration. The capital raised will be used to strengthen the company's balance sheet and support growth initiatives, including the integration of recent acquisitions Control Micro Systems $(CMS)$ and Beamer Laser Systems. H.C. Wainwright & Co. acted as the exclusive placement agent for the transaction.

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