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Laser Photonics Received NASDAQ Compliance Letters Related to Late Filing of 2023 10-k (April 17, 2024) and Subsequent Closing of the Issue To Regain Compliance With Its 10-k Filing (April 18, 2024)

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Laser Photonics (LPC) received NASDAQ compliance letters due to the late filing of its 2023 10-K on April 17, 2024. However, the issue was resolved the next day, April 18, 2024, allowing the company to regain compliance with its 10-K filing.
Laser Photonics (LPC) ha ricevuto delle lettere di conformità dal NASDAQ a causa del ritardo nella presentazione del suo 10-K del 2023, il 17 aprile 2024. Tuttavia, il problema è stato risolto il giorno successivo, il 18 aprile 2024, permettendo alla società di ristabilire la conformità con la presentazione del 10-K.
Laser Photonics (LPC) recibió cartas de cumplimiento del NASDAQ debido a la presentación tardía de su 10-K de 2023 el 17 de abril de 2024. Sin embargo, el problema se resolvió al día siguiente, el 18 de abril de 2024, permitiendo a la empresa recuperar el cumplimiento con su archivo 10-K.
레이저 포토닉스(LPC)는 2024년 4월 17일 2023년도 10-K 보고서를 늦게 제출하여 나스닥으로부터 준수 서한을 받았습니다. 그러나 문제는 다음 날인 2024년 4월 18일에 해결되어 회사가 10-K 보고서 제출에 대한 준수를 다시 확보할 수 있었습니다.
Laser Photonics (LPC) a reçu des lettres de conformité de NASDAQ en raison du dépôt tardif de son 10-K de 2023 le 17 avril 2024. Cependant, le problème a été résolu le lendemain, le 18 avril 2024, permettant à la société de retrouver la conformité avec son dépôt de 10-K.
Laser Photonics (LPC) erhielt NASDAQ-Compliance-Schreiben aufgrund der verspäteten Einreichung seines 10-K für 2023 am 17. April 2024. Das Problem wurde jedoch am folgenden Tag, dem 18. April 2024, gelöst, wodurch das Unternehmen die Einhaltung seiner 10-K Einreichung wiederherstellen konnte.
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ORLANDO, FL / ACCESSWIRE / April 22, 2024 / Laser Photonics Corporation (LPC) (NASDAQ:LASE), a leading global industrial developer of CleanTech Laser Systems for laser cleaning and other applications, today announced that on April 17, 2024, it received a notice from Nasdaq Listing Qualifications department of The Nasdaq Stock Market LLC ("Nasdaq") stating that since the Company has not yet filed its Form 10-K for the year ended December 31, 2023 (the "Filing"), and it no longer complies with Nasdaq's Listing Rules (the "Rules"), specifically Listing Rule 5250(c)(1), for continued listing. Under the Rules, the Company has 60 calendar days to submit a plan to regain compliance, and if Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the Filing's due date, or until October 14, 2024, to regain compliance. Please note that any subsequent periodic filing that is due within the 180-day exception period must be filed no later than the end of the period.

The Company filed its Form 10-K for its fiscal year ended December 31, 2023, on April 18, 2024. On Monday, April 22, 2024, Nasdaq sent a letter to Laser Photonics stating that in light of the filing of its Form 10-K for the year ended December 31, 2023, that Laser Photonics was now in compliance with Listing Rule 5250(c)(1) and that the matter was closed.

About Laser Photonics Corporation

Laser Photonics Corporation is a vertically integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. At LPC, we are disrupting the centuries-old $46 billion sand and abrasives blasting markets, focused on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications. Our new-generation laser blasting technologies and equipment address the health, safety, environmental and regulatory concerns associated with outdated methods, proving Laser Photonics Corp. an industry leader for industrial laser systems. Renowned manufacturers in aerospace, automotive, defense, energy, industrial, maritime, space exploration and shipbuilding sectors rely on our "unique-to-industry" systems. For more information, visit www.laserphotonics.com.

Cautionary Note Concerning Forward-Looking Statements

This news release contains forward-looking statements within the meaning of applicable securities laws. These statements are based on current expectations as of the date of this press release and involve risks and uncertainties that may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. We encourage readers to review the "Risk Factors" in our Registration Statement for a comprehensive understanding. Laser Photonics Corp. undertakes no obligation to revise or update any forward-looking statements, except as required by applicable laws or regulations, to reflect events or circumstances after the date of this press release.

Investor Relations Contact:

Email: laser@haydenir.com

SOURCE: Laser Photonics Corp.



View the original press release on accesswire.com

FAQ

Why did Laser Photonics receive NASDAQ compliance letters?

Laser Photonics received NASDAQ compliance letters due to the late filing of its 2023 10-K on April 17, 2024.

What is the NASDAQ ticker symbol for Laser Photonics ?

The NASDAQ ticker symbol for Laser Photonics is LASE.

When did Laser Photonics file its Form 10-K for the year ended December 31, 2023?

Laser Photonics filed its Form 10-K for the year ended December 31, 2023 on April 18, 2024.

What was the outcome of the NASDAQ compliance issue for Laser Photonics?

The NASDAQ compliance issue for Laser Photonics was resolved on April 18, 2024, allowing the company to regain compliance with its 10-K filing.

Laser Photonics Corporation

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