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ORLANDO - Laser Photonics Corporation (NASDAQ:LASE), currently trading at $2.97 and showing high price volatility according to InvestingPro data, has completed the integration of Beamer Laser Marking Systems into its Florida operations and begun shipping the first orders from the facility, the company announced Thursday.
The acquisition, structured as an all-stock transaction with Fonon Quantum Technologies, Inc., involves 3 million shares of LASE common stock and one warrant for 3 million additional shares with an exercise price of $4.34 per share. The deal is pending NASDAQ approval.
According to ARCH Cutting Tools, Beamer’s former owner, the laser marking systems company generated between $3 million and $5 million in unaudited annual revenue between 2022 and 2024. This acquisition could significantly impact LASE’s current annual revenue of $4.96 million, which has shown strong growth of 23.87% over the last twelve months despite the company not yet achieving profitability.
The transaction includes Beamer’s manufacturing equipment, inventory, customer contracts, open purchase orders, intellectual property, distributor relationships, and the transfer of key personnel.
Beamer’s systems are used across multiple industries including general manufacturing, aerospace, defense, automotive, medical devices, and consumer products. The company’s distribution network encompasses 19 authorized dealer locations with 80 representatives across the United States and Mexico, including five demonstration centers.
Laser Photonics plans to leverage this dealer network to cross-sell its broader portfolio of laser solutions, including its CleanTech systems. The company also expects to realize operational synergies from relocating Beamer’s manufacturing equipment to its Orlando facility.
Laser Photonics, which focuses on industrial laser systems for cleaning and other material processing applications, aims to expand its customer base and enhance its "Made in America" manufacturing capabilities through this acquisition.
This information is based on a company press release statement.
In other recent news, Laser Photonics Corporation has announced several key developments. The company has regained compliance with Nasdaq’s listing requirements after successfully filing its delayed annual and quarterly reports. This move resolves previous notices from Nasdaq regarding the company’s failure to meet timely reporting obligations. Additionally, Laser Photonics plans to acquire Beamer Laser Marking Systems, a provider of industrial laser marking equipment, with the acquisition set to proceed after a 15-day review by Nasdaq. Beamer reportedly generated between $3 million and $5 million in annual revenue from 2022 to 2024. Furthermore, Laser Photonics has received a third purchase order from Sun Display Systems for its LaserTower MegaCenter, designed for high-precision industrial applications. In another development, the company’s subsidiary, CMS Laser, secured an order for a custom CO₂ laser drilling system from EAP Lasers, marking the first of several anticipated orders over the next year. These recent activities underscore Laser Photonics’ ongoing efforts to expand its market presence and product offerings.
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