Laser Photonics Regains Nasdaq Compliance for Annual Filing Requirement
Laser Photonics (NASDAQ:LASE), a CleanTech Laser Systems developer, has successfully regained compliance with Nasdaq's listing requirements by filing its delayed Form 10-K for fiscal year 2024.
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Rhea-AI Summary
Laser Photonics (NASDAQ:LASE), a CleanTech Laser Systems developer, has successfully regained compliance with Nasdaq's listing requirements by filing its delayed Form 10-K for fiscal year 2024. The company's June 23, 2025 filing satisfied Nasdaq's annual reporting requirement under Rule 5250(c)(1), leading to the closure of the compliance matter.
The company is currently working on completing and submitting its Form 10-Q for Q1 2025, which remains outstanding.
Positive
- Regained Nasdaq listing compliance by filing Form 10-K
- Resolution of compliance matter with Nasdaq
Negative
- Q1 2025 Form 10-Q filing remains delayed
- History of delayed financial reporting indicates potential internal control issues
Details
News Market Reaction – LASE
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ORLANDO, FL / ACCESS Newswire / June 25, 2025 / Laser Photonics Corporation (LPC) (NASDAQ:LASE), a leading global industrial developer of CleanTech Laser Systems for laser cleaning and other applications, today announced that it has regained compliance with Nasdaq Listing Rule 5250(c)(1) related to the timely filing of its periodic reports.
The Nasdaq Stock Market has confirmed that the Company's June 23, 2025, filing of its Form 10-K for the fiscal year ended December 31, 2024, satisfies the annual reporting requirement. As a result, Nasdaq has closed the related compliance matter.
The Company continues working diligently to complete and file its Form 10-Q for the quarter ended March 31, 2025.
About Laser Photonics Corporation
Laser Photonics is a vertically integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. Laser Photonics seeks to disrupt the
Cautionary Note Concerning Forward-Looking Statements
This press release contains "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), including statements regarding the Company's plans, prospects, potential results and use of proceeds. These statements are based on current expectations as of the date of this press release and involve a number of risks and uncertainties, which may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. These risks include, without limitation, those described under the caption "Risk Factors" in the Registration Statement. Any reader of this press release is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release except as required by applicable laws or regulations.
Investor Relations and Media Contact:
Brian Siegel, IRC®, M.B.A.
Senior Managing Director
Hayden IR
(346) 396-8696
laser@haydenir.com
SOURCE: Laser Photonics Corp.
View the original press release on ACCESS Newswire
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