Nasdaq warns Laser Photonics (LASE) over delayed Q1 2026 10-Q filing
Rhea-AI Filing Summary
Laser Photonics Corporation reported receiving a Nasdaq notice that it is out of compliance because it has not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2026. The notice itself has no immediate effect on the listing or trading of its securities.
The company has 60 days from the May 21, 2026 notice to either file the report or submit a compliance plan to Nasdaq. If Nasdaq accepts a plan, Laser Photonics could have up to 180 days from the report’s original due date, until November 16, 2026, to regain compliance. The company states it is working diligently to complete the filing and expects to regain compliance.
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Insights
Laser Photonics faces Nasdaq noncompliance risk over a delayed 10-Q but retains time to cure.
Laser Photonics has fallen out of compliance with Nasdaq Listing Rule 5250(c)(1) because it did not file its Form 10-Q for the quarter ended March 31, 2026. The notice does not immediately affect trading, so shares remain listed for now.
The company has 60 days from the May 21, 2026 notice to either file the report or submit a remediation plan. If a plan is accepted, Nasdaq may allow up to 180 days from the report’s due date, through November 16, 2026, to regain compliance. Failure to resolve the issue could lead to delisting proceedings and an appeal process.
Management states it is working diligently to complete the Quarterly Report and expects to regain compliance. Actual outcomes will depend on timely filing and Nasdaq’s assessment of any submitted plan under its deficiency notification framework.
8-K Event Classification
Key Figures
Key Terms
Nasdaq Listing Rule 5250(c)(1) regulatory
Quarterly Report on Form 10-Q financial
deficiency notification regulatory
forward-looking statements regulatory
continued listing regulatory
delisting regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On May 21, 2026, the registrant (“Laser Photonics” or the “Company”) received a notice from Nasdaq Listing Qualifications department of the Nasdaq Stock Market LLC (“Nasdaq”) stating that since it had not received the Company’s Form 10-Q for the period ended March 31, 2026, the Company does not comply with Nasdaq’s Listing Rules for continued listing. Nasdaq stated that the Company has 60 days to submit a plan to regain compliance with respect to this delinquent report. Nasdaq can grant an exception to allow the Company to regain compliance up to a maximum of 180 calendar days from the due date of the Initial Delinquent Filing, or November 16, 2026.
A copy of the press release announcing this deficiency notice is attached hereto and incorporated herein to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
Exhibits
| 99.1 | Press Release Issued by Laser Photonics Corporation dated May 22, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| -2- |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Date: May 22, 2026 | Laser Photonics Corporation | |
| By: | /s/ Wayne Tupuola | |
| Wayne Tupuola | ||
| President and CEO | ||
| -3- |
Exhibit 99.1
Laser Photonics Receives Nasdaq Notice Regarding Delayed Quarterly Report
ORLANDO, FL, May 22, 2026 – Laser Photonics Corporation (NASDAQ: LASE) (“Laser Photonics” or the “Company”), a global leader in laser systems for industrial and defense applications, today announced that on May 21, 2026, it received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the “Quarterly Report”) with the U.S. Securities and Exchange Commission (the “SEC”), the Company is not in compliance with the requirements for continued listing under Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”).
The Notice has no immediate effect on the listing or trading of the Company’s securities on Nasdaq. However, if the Company fails to timely regain compliance with the Listing Rule, the Company’s securities will be subject to delisting from Nasdaq.
Under Nasdaq rules, the Company has 60 calendar days from the date of the Notice to either file the Quarterly Report or submit a plan to Nasdaq to regain compliance with Nasdaq’s listing rules. If a plan is submitted and accepted, the Company may be granted up to 180 calendar days from the Quarterly Report’s due date, or November 16, 2026, to regain compliance. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel.
The Company is working diligently to complete and file the Quarterly Report and expects to regain compliance with the Listing Rule.
This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
About Laser Photonics Corporation
Laser Photonics Corporation (NASDAQ: LASE) is a global leader in laser systems for industrial and defense applications. The Company develops and manufactures advanced laser technologies used in cleaning, surface preparation, and precision material processing across demanding operating environments. Laser Photonics serves a broad range of end markets, including defense and government, aerospace, energy, maritime, automotive, and advanced manufacturing. Through a combination of internal development, strategic acquisitions, and partnerships, the Company continues to expand its product portfolio and address new applications where performance, efficiency, and environmental considerations are critical. For more information, please visit laserphotonics.com.
Cautionary Note Concerning Forward-Looking Statements
This press 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 to differ materially from those indicated by these forward-looking statements. These forward-looking statements include, among other things, statements regarding the Company’s ability to file the Quarterly Report and regain compliance with Nasdaq’s listing rules. These risks and uncertainties include, but are not limited to, the impacts of federal government funding disruptions and shutdowns on our contracts, operations, capital-raising activities, and strategic initiatives. We encourage readers to review the “Risk Factors” in our Registration Statement and other filings with the Securities and Exchange Commission 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
Lucas A. Zimmerman & Ian Scargill
MZ Group - MZ North America
(262) 357-2918
LASE@mzgroup.us
www.mzgroup.us