Laser Photonics Corporation Announces Closing of $3.0 Million Private Placement
19 Agosto 2024 - 1:46PM
Business Wire
Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading
global developer of industrial laser systems for cleaning and other
material processing applications, today announced that it has
closed a securities purchase agreement with institutional investors
for aggregate gross cash proceeds of $3.0 million, before deducting
fees to the placement agent and other offering expenses payable by
the Company. The Company intends to use the net proceeds from the
private placement for working capital and general corporate
purposes.
In connection with the private placement, the Company issued an
aggregate of 1,500,000 units. Each unit will consist of one share
of common stock and one common warrant, each exercisable for one
share of common stock at an exercise price of $4.34 per share. The
common warrant will be exercisable on the earlier of six months
after issuance or earlier shareholder approval and will expire 5.5
years from issuance.
Aegis Capital Corp. acted as the Exclusive Placement Agent for
the private placement. CM Law PLLC is serving as counsel to the
Company for the private placement. Kaufman & Canoles, P.C. is
serving as counsel to Aegis Capital Corp. for the private
placement.
The securities described above are being sold in a private
placement exempt from the registration requirements of the
Securities Act of 1933, as amended (the “Act”), and have not been
registered under the Act, or applicable state securities laws.
Accordingly, the securities may not be offered or sold in the
United States except pursuant to an effective registration
statement or an applicable exemption from the registration
requirements of the Act and such applicable state securities laws.
Pursuant to a registration rights agreement with the investors, the
Company has agreed to file one or more registration statements with
the Securities and Exchange Commission (the “SEC”) covering the
resale of the shares of common stock sold in the private placement
and the shares of common stock issuable upon exercise of the
warrants sold in the private placement.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Laser Photonics Corporation
Laser Photonics is a vertically integrated manufacturer and
R&D Center of Excellence for industrial laser technologies and
systems. Laser Photonics seeks to disrupt the $46 billion,
centuries-old sand and abrasives blasting markets, focusing on
surface cleaning, rust removal, corrosion control, de-painting and
other laser-based industrial applications. Laser Photonics’ new
generation of leading-edge laser blasting technologies and
equipment also addresses the numerous health, safety, environmental
and regulatory issues associated with old methods. As a result,
Laser Photonics has quickly gained a reputation as an industry
leader in industrial laser systems with a brand that stands for
quality, technology and product innovation. Currently,
world-renowned and Fortune 1000 manufacturers in the aerospace,
automotive, defense, energy, industrial, maritime, space
exploration and shipbuilding industries are using Laser Photonics’
"unique-to-industry" systems. For more information, visit
https://www.laserphotonics.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
concerning Laser Photonics Corporation and other matters. All
statements contained in this press release that do not relate to
matters of historical fact should be considered forward-looking
statements. In some cases, you can identify forward-looking
statements by terms such as "may," "will," "should," "expects,"
"plans," "anticipates," "could," "intends," "targets," "projects,"
"contemplates," "believes," "estimates," "predicts," "potential" or
"continue" or the negative of these terms or other similar
expressions. The forward-looking statements in this press release
are only predictions. Laser Photonics Corporation has based these
forward-looking statements largely on its current expectations and
projections about future events and financial trends that it
believes may affect its business, financial condition and results
of operations. Forward-looking statements involve known and unknown
risks, uncertainties and other important factors that may cause
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. You should
carefully consider the risks and uncertainties that affect our
business, including those described in our filings with the
Securities and Exchange Commission ("SEC"), including under the
caption "Risk Factors" in Laser Photonics Corporation's Annual
Report on Form 10-K filed for the year ended December 31, 2023 and
the Company's other filings with the SEC, which can be obtained on
the SEC website at www.sec.gov. These forward-looking statements
speak only as of the date of this communication. Except as required
by applicable law, we do not plan to publicly update or revise any
forward-looking statements, whether as a result of any new
information, future events or otherwise. You are advised, however,
to consult any further disclosures we make on related subjects in
our public announcements and filings with the SEC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240819902408/en/
Investor Relations Contact: laser@haydenir.com
Media Contact: Karla Kizzort Marketing Specialist Laser
Photonics Corporation kkizzort@laserphotonics.com
Laser Photonics (NASDAQ:LASE)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Laser Photonics (NASDAQ:LASE)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024