on New To The Street (NASDAQ:LASE)
Laser Photonics Closes $4 Million Private Placement
Laser Photonics Corporation, a leader in industrial laser systems, announced the completion of a $4 million private placement. The transaction involves the sale of 1,098,902 shares of common stock at $3.64 each and warrants for the same number of shares at $3.40 each. This financing aims to bolster the company's balance sheet and support growth initiatives following recent acquisitions of CMS and Beamer.
The CEO, Wayne Tupuola, highlighted the potential for these acquisitions to open high-value markets and expand the company's impact. Vince Caruso from New to The Street underscored the strong investor confidence in Laser Photonics, noting the company's innovation in industrial laser technologies.
H.C. Wainwright & Co. served as the exclusive placement agent for this offering, which targeted accredited investors. The securities are restricted under U.S. law, requiring registration for resale.
R. E.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all New To The Street news