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Investing.com -- Laser Photonics Corporation (NASDAQ:LASE) stock dropped 8.6% on Friday after the industrial laser systems company announced a private placement offering expected to raise approximately $4 million in gross proceeds.
The offering includes the issuance of 1,098,902 shares of common stock at $3.64 per share, along with two series of warrants. Both Series A and Series B warrants will allow holders to purchase up to an aggregate of 1,098,902 shares each at $3.40 per share. Series A warrants will expire five years after issuance, while Series B warrants will expire after 18 months.
H.C. Wainwright & Co. is serving as the exclusive placement agent for the transaction, which is expected to close on or about September 26, 2025, subject to customary closing conditions.
The securities are being offered through a private placement under Section 4(a)(2) of the Securities Act of 1933 and Regulation D, and have not been registered under the Act or applicable state securities laws. As part of the agreement, the company has committed to filing registration statements with the SEC covering the resale of these unregistered securities.
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