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Laser Photonics Corporation (NASDAQ:LASE), currently trading at $2.20 after a significant 44% decline over the past week, announced Wednesday it has closed a convertible note financing with Hudson Global Ventures, LLC. According to InvestingPro data, the company’s market capitalization stands at approximately $36 million. The transaction, which was completed August 28, involves a Securities Purchase Agreement under which Laser Photonics issued 418,000 shares of its common stock as commitment shares and granted a warrant to Hudson Global for 157,258 shares at a conversion price of $4.34 per share. The warrant is exercisable for five years and includes customary adjustments for corporate actions such as mergers, reverse splits, and stock dividends.
The agreement also includes the issuance of a 12-month secured convertible promissory note with a principal amount of $455,000, bearing annual interest of 12%. This new financing comes as InvestingPro analysis shows the company operating with a moderate debt level and facing challenges with short-term obligations exceeding liquid assets, reflected in a current ratio of 0.53. The note is to be repaid through monthly amortization payments of $45,818 and is convertible into shares of Laser Photonics common stock at a fixed price of $4.34 per share, subject to standard adjustments for certain corporate actions. The note can be prepaid within the first 60 days from August 27, 2025, without penalty. After 60 days, prepayment requires a payment of 118% of the accrued and unpaid interest and principal.
Under the terms of the agreement, Hudson Global has piggyback registration rights for the shares underlying the warrant, the convertible note, and the commitment shares.
This information is based on a statement provided in a recent SEC filing. For comprehensive analysis and 8 additional key ProTips about LASE’s financial health and market position, explore the detailed Pro Research Report available exclusively on InvestingPro.
In other recent news, Laser Photonics Corporation has announced a year-long media partnership with New to The Street, aiming to enhance brand visibility through various channels, including national television interviews and commercials. The company also completed the integration of Beamer Laser Marking Systems into its Florida operations and began shipping initial orders, following an all-stock acquisition deal with Fonon Quantum Technologies. Additionally, Laser Photonics received a third order for its LaserTower MegaCenter from Sun Display Systems, which is designed for high-volume industrial production.
In another development, the company’s subsidiary, Control Micro Systems (CMS Laser), secured an order for a custom high-speed CO₂ laser drilling system from EAP Lasers, marking the beginning of expected future orders. Moreover, Laser Photonics regained compliance with Nasdaq’s listing requirements after addressing delayed filings of its Form 10-K and Form 10-Q. The company had previously faced notices from Nasdaq due to these delays. These recent developments highlight the company’s ongoing efforts in expanding its operations and maintaining regulatory compliance.
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