Laser Photonics closed the exercise of warrants for 1,373,630 common shares at a reduced exercise price of USD 1.08 per share. The company received approximately USD 1.5 million in gross proceeds. In connection with the cash exercise, Laser Photonics issued unregistered Series A-3 warrants for 1,373,630 shares and unregistered Series A-4 warrants for 1,373,630 shares. The new warrants have an exercise price of USD 1.08 per share and become exercisable after stockholder approval. The Series A-3 warrants expire five years after the later of stockholder approval or the effective date of the resale registration statement, while the Series A-4 warrants expire 18 months after the later of those events.

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