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Laser Photonics Corporation shares dropped 8.6% on Friday after the company said it plans a private placement to raise roughly $4 million. The offering involves issuing about 1.1 million shares of common stock at $3.64 each, along with two series of warrants.
Both Series A and Series B warrants give investors the option to buy up to about 1.1 million shares each at $3.40 per share. Series A warrants will expire five years after issuance, while Series B warrants will expire in 18 months.
H.C. Wainwright & Co. is acting as the exclusive placement agent. The deal is expected to close on or around September 26, 2025, subject to standard closing conditions.
The private placement is being conducted under exemptions in federal securities law, meaning the shares and warrants are not registered with the SEC or state regulators. As part of the agreement, Laser Photonics plans to file registration statements to allow resale of the unregistered securities in the future.
Investors appear to have reacted negatively to the announcement, contributing to the nearly 9% drop in the company’s stock price on Friday.