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Laser Photonics Corp (NASDAQ:LASE) announced it has regained compliance with Nasdaq’s continued listing requirements, according to a press release statement based on a recent SEC filing.
The company had previously received notices from the Nasdaq Stock Market LLC regarding its failure to timely file its Form 10-K for the fiscal year ended December 31, 2024, and its Form 10-Q for the period ended March 31, 2025. Nasdaq Listing Rule 5250(c)(1) requires listed companies to file periodic reports in a timely manner.
Nasdaq had granted Laser Photonics until June 16, 2025, to submit a plan to regain compliance, with a maximum extension possible until October 13, 2025. On June 24, 2025, Nasdaq notified the company that the matter related to the delayed Form 10-K was closed after the company filed the report on June 23, 2025.
On July 3, 2025, following the filing of the company’s Form 10-Q for the period ended March 31, 2025, Nasdaq determined that Laser Photonics was back in compliance with the listing rule. The company was informed that the matter regarding its periodic reporting obligations was now closed.
Laser Photonics Corp is based in Orlando, Florida, and its common stock is listed on The Nasdaq Stock Market LLC under the ticker symbol LASE.
In other recent news, Laser Photonics Corporation has announced several significant developments. The company will acquire Beamer Laser Marking Systems, a provider of industrial laser marking equipment, in an all-stock transaction. This acquisition, pending a 15-day review by Nasdaq, will bring additional revenue between $3 million and $5 million annually and includes Beamer’s manufacturing equipment and distribution network. Additionally, Laser Photonics regained compliance with Nasdaq listing requirements after filing its delayed annual report for the fiscal year ended December 31, 2024.
The company had previously faced potential delisting due to these filing delays, which were attributed to the acquisition of certain CMS assets in November 2024. In a related move, Laser Photonics secured a $1.5 million loan agreement with Agile Capital Funding, LLC, providing additional capital for its operations. This loan, detailed in an SEC filing, will be repaid in weekly installments over several months. These strategic steps highlight Laser Photonics’ efforts to stabilize and expand its operations amid recent challenges.
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