On October 12, 2026, Laser Photonics Corp (LASE) reported Executive Chairman Dmitri Nikitin’s holdings: 5,136 common shares held directly and 11,373,695 shares beneficially owned indirectly through ICT Investments, LLC and entities it controls. Nikitin is also identified as a director and 10% owner.
Laser Photonics Corp. received a Nasdaq notice that its common stock had closed below the $1.00-per-share minimum bid price for 30 consecutive business days, putting it out of compliance with a continued-listing rule. Its listing and trading on The Nasdaq Capital Market continue without immediate effect.
The company has until April 19, 2027, the end of its 180-calendar-day compliance period, to regain compliance by closing at or above $1.00 per share for at least 10 consecutive business days. Nasdaq staff may require a longer period, generally no more than 20 consecutive business days. If Laser Photonics does not meet the deadline, it may qualify for an additional 180-day period if it meets other applicable listing standards and gives Nasdaq written notice of its intent to cure. If it does not qualify for or complete that period, Nasdaq would notify the company of a delisting determination, which it could appeal to a hearings panel.
Laser Photonics Corp (LASE) appointed Timothy A. Peterman as permanent Chief Financial Officer and Secretary, effective October 6, 2026; he had served as acting CFO since September 8, 2026. His employment agreement runs from the effective date through its third anniversary, unless terminated sooner or extended, and sets annual base salary at $300,000, subject to annual review by independent Board members.
For fiscal 2026, Peterman may receive a prorated discretionary bonus subject to Board-determined criteria. For fiscal 2027 onward, a discretionary bonus may be based on a maximum full-year opportunity of 60% of base salary, subject to Board-approved performance targets. The agreement calls for restricted and performance stock units valued at 80% of then-current base salary, with three-year vesting, as soon as reasonably practicable after the effective date. It also provides an $80,000 relocation payment subject to repayment conditions and an $800 monthly car allowance. Certain qualifying terminations on or after the first anniversary, subject to a release, provide nine months of base salary paid over 12 months and COBRA reimbursement for up to 12 months.
Laser Photonics Corporation appointed founder Dmitri Nikitin as Executive Chairman on October 12, 2026, and he assumed the principal executive officer responsibilities previously held by CEO Wayne Tupuola. Tupuola’s resignation as CEO and director took effect October 13; the company said it was for personal reasons and not a disagreement. Ann Tewari’s interim presidency ended October 13, and she returned to Vice President, Operations.
Nikitin’s employment agreement, effective October 12, provides annual base salary of $400,000 and an award of 2,000,000 common shares as soon as reasonably practicable. Half the award vests on the grant date and the remainder ratably on the first two anniversaries, subject to continued employment. He also receives a $1,850 monthly car allowance. ICT and its affiliates own approximately 19% of outstanding common stock. As of September 30, 2026, accounts payable due to ICT and its affiliates was $310,814; $50,615 of accrued loan interest remained unpaid after loan principal was repaid.
Laser Photonics Corp's Form 3 lists Tim Peterman as its Acting CFO and reporting person.
Laser Photonics Corp (LASE) reported the closing of a previously announced public offering completed on September 14, 2026, issuing 10,500,000 shares of common stock together with Series B-1 and Series B-2 warrants. The combined public offering price was $0.75 per share and accompanying warrants, generating approximately $7.9 million in gross proceeds before fees and expenses.
Each of the Series B-1 and Series B-2 warrants is exercisable immediately at an exercise price of $0.75 per share; the Series B-1 warrants expire five years from issuance and the Series B-2 warrants expire twenty-four months from issuance. Laser Photonics states it intends to use the net proceeds for research and development of its laser-based technologies, acquisitions, and working capital.
Laser Photonics Corporation (LASE) is conducting a best-efforts public offering of up to 10,500,000 shares of common stock at $0.75 per share, each share sold with two common warrants (Series B-1 and B-2) to buy up to 21,000,000 additional shares at $0.75. Gross proceeds would be $7.88 million, with estimated net proceeds of about $7.2 million before any warrant exercises.
The company plans to use roughly 40% of net proceeds for R&D across anti-drone, semiconductor, ESG and material-processing lasers, 35% to support strategic acquisitions, and 25% for working capital. Net sales grew to $8.3 million in 2025 from $3.4 million in 2024, but first-half 2026 sales fell 44.3% year over year and the company reported a $6.2 million net loss, negative operating cash flow and a going concern warning.
After this offering, assuming full share placement and no warrant exercises, shares outstanding would rise from 50.2 million to 60.7 million, with pro forma net tangible book value increasing to about $0.12 per share, implying dilution of roughly $0.63 per new share. The stock last traded at $0.70 on Nasdaq on September 10, 2026, and the common warrants will not be listed, limiting their liquidity.
Laser Photonics Corp (LASE) submitted Post-Effective Amendment No. 1 to its Form S-1 registration statement (No. 333-298783), which was declared effective on September 10, 2026. The amendment is filed solely to replace Exhibit 5.1, the legal opinion of CM Law LLP, and to update the exhibit index.
The company states that no other parts of the registration statement, including the disclosure in Parts I and II, are modified. The amendment is signed on behalf of Laser Photonics by Interim President Ann Tewari, and includes a power of attorney appointing her to sign future amendments and related registration statements for the offering.
Laser Photonics Corp (LASE) filed Amendment No. 2 to its Form S-1 registration statement, Registration No. 333-298783, on September 9, 2026. The amendment primarily updates legal opinion Exhibit 5.1 to include the maximum number of shares of common stock and warrants covered by the registration.
The filing also refreshes the exhibit index and confirms signatures and powers of attorney for interim president Ann Tewari, acting chief financial officer Timothy A. Peterman, and directors Tim Miller, Troy Parkos, and Qing Lu, authorizing them to sign further amendments and related Rule 462(b) filings.