Laser Photonics Maintains Nasdaq Listing Despite Ongoing Filing Delays

Rhea-AI Filing Summary

Laser Photonics (NASDAQ:LASE) filed an 8-K announcing partial resolution of its Nasdaq listing compliance issues. The company regained compliance with Nasdaq's listing requirements by filing its delayed Form 10-K for fiscal year 2024 on June 23, 2025. However, LASE remains delinquent in filing its Q1 2025 Form 10-Q. This follows earlier notices from Nasdaq on May 22, 2025, regarding non-compliance with Rule 5250(c)(1) due to delayed financial reports. While the annual filing matter is resolved, the company still needs to address the outstanding quarterly report to maintain listing compliance.

Positive

• Successfully filed delayed 2024 Form 10-K, resolving part of Nasdaq compliance issues
• Received extension from Nasdaq until October 13, 2025 to resolve remaining filing delinquencies

Negative

• Remains delinquent in filing Q1 2025 Form 10-Q
• Pattern of delayed financial reporting indicates potential internal control issues
• Continued non-compliance with Nasdaq listing requirements

Insights

Corporate Governance Expert

Filing delays resolved for 10-K but Q1 filing remains outstanding, signaling ongoing reporting challenges.

The sequential nature of the filing delays - first the 10-K and now the Q1 10-Q - suggests potential systemic issues in the company's financial reporting infrastructure. While the resolution of the 10-K filing is positive, the continued delay in quarterly reporting indicates underlying challenges that need addressing. The company's status as an emerging growth company adds complexity to their reporting obligations. The timeline granted by Nasdaq

Securities Compliance Analyst

Partial compliance achievement reduces immediate delisting risk, but continued reporting delays pose ongoing regulatory concerns.

The resolution of the 10-K filing requirement represents a critical step in maintaining Nasdaq listing compliance. However, the outstanding Q1 2025 10-Q filing remains a significant concern. The company's ability to file the 10-K suggests access to necessary resources for financial reporting, making the continued Q1 delay noteworthy. The original 180-day compliance window from Nasdaq provides breathing room, but maintaining timely reporting going forward will be crucial. The situation warrants close monitoring as continued filing delays could trigger additional regulatory scrutiny.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 24, 2025

LASER PHOTONICS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware		001-41515		84-3628771
(State of other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

1101 N. Keller Rd.
Suite G
Orlando, FL		32810
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (407) 804-1000

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		LASE		The Nasdaq Stock Market LLC

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As set forth in its Current Report on Form 8-K filed May 29, 2025, by the registranton (“Laser Photonics” or the “Company”), on May 22, 2025, 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, 2025, and because the Company remains delinquent in filing its Form 10-K for the period ended December 31, 2024 (the “Initial Delinquent Filing”), the Company does not comply with Nasdaq’s Listing Rule Rule 5250(c)(1) (the “Rule”) for continued listing. Nasdaq stated that in accordance with its letter dated April 16, 2025, the Company had until June 16, 2025, to submit a plan to regain compliance with respect to these delinquent reports. Nadaq informed the Company that it could 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 October 13, 2025.

On June 24, 2025, Nasdaq notified the Company that based on the June 23, 2025, filing of the Company’s Form 10-K for the fiscal year ended December 31, 2024, Nasdaq has determined that the Company complies with the Rule and that this matter is now closed. Nasdaq stated further that the Company remained delinquent in filing its Form 10-Q for the period ended March 31, 2025.

A copy of the press release announcing the Company regaining compliance with its annual filing requirement 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 June 25, 2025
	104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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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: June 25, 2025	Laser Photonics Corporation
	By:	/s/ Wayne Tupuola
		Wayne Tupuola
		President and CEO

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FAQ

Has LASE resolved its Nasdaq listing compliance issues?

Partially. LASE has regained compliance by filing its 2024 Form 10-K, but remains non-compliant due to the delayed Q1 2025 Form 10-Q filing.

What is the deadline for LASE to file its delayed Q1 2025 report?

Nasdaq can grant an exception until October 13, 2025 (180 calendar days from the due date of the Initial Delinquent Filing) for LASE to regain full compliance.

What Nasdaq rule is LASE currently violating?

LASE is not compliant with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Q1 2025 Form 10-Q.

When did LASE file its 2024 annual report?

LASE filed its Form 10-K for fiscal year 2024 on June 23, 2025.