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.
Laser Photonics Corporation appointed Roman Franklin as its Chief Financial Officer and Principal Financial Officer, effective under a Master Services Agreement with The CFO Portal, LLC. The agreement initially runs for six months, then renews month-to-month unless terminated with 30 days’ written notice.
Franklin will receive a fixed retainer of $22,500 per month for his services, with additional project work billed separately on a fixed-fee basis. The company may convert him to a full-time CFO on mutually agreed terms. He brings more than 20 years of finance and operations experience, including oversight of over $100 million in assets and extensive SEC reporting and capital markets work.
Laser Photonics Corporation is registering for resale up to 2,900,472 shares of its common stock by selling stockholders, consisting of 2,747,260 shares underlying Series A-3 and A-4 replacement warrants and 153,212 shares issuable upon exercise of placement agent warrants. The resale registration permits the identified holders to sell these shares from time to time at market, negotiated or privately negotiated prices.
The Company will not receive proceeds from resales, but may receive cash if the Warrants are exercised for cash at an exercise price of $1.08 per share; cash‑flow from exercises is uncertain and some exercises may be cashless. Shares outstanding were 32,544,703 as of March 31, 2026; fully exercised share count would be 35,388,117.
Laser Photonics Corp director Lu Qing reported a series of open-market trades in company common stock. Between April 25 and April 30, 2026, Lu made multiple purchases totaling 69,000 shares at prices between $0.61 and $0.75, and sales totaling 5,800 shares at $0.98 per share.
These transactions represent a net purchase of 63,200 shares, bringing Lu’s directly held position to 83,812 common shares following the latest trade.
Laser Photonics Corporation is soliciting shareholder votes at a virtual Special Meeting on June 26, 2026 to approve two warrant-related transactions: the March Warrant Inducement Agreement and the April Warrant Inducement Agreement. The Board recommends voting FOR both proposals.
The proxy materials state the Company received gross proceeds of $1,483,520.40 under the March arrangements and $4,000,559.50 under the April arrangements; the filings note potential additional financing if certain warrant tranches are exercised at $1.08 and $0.975 per share. Shares outstanding were 38,568,263 as of April 29, 2026.
Laser Photonics Corporation entered into a warrant inducement agreement under which holders of existing Series A-1 and A-2 warrants exercised warrants to purchase up to 5,715,085 shares of common stock at $0.70 per share, generating aggregate gross proceeds of about $4 million.
As an inducement, the Company issued new unregistered Series A-5 warrants for up to 4,742,860 shares and Series A-6 warrants for up to 6,687,310 shares, each with a $0.975 exercise price. These new warrants become exercisable after stockholder approval and effectiveness of a resale registration statement.
The Company must file a Form S-1 within 30 days to register 11,430,170 shares underlying the new warrants, with specified effectiveness deadlines and potential cash penalties for delays. H.C. Wainwright & Co. received a 7% cash fee, a warrant for 400,056 shares at $0.875, and expense reimbursements. The Company intends to use net proceeds for working capital and general corporate purposes and agreed to short-term restrictions on issuing additional equity and entering variable rate transactions.
Laser Photonics Corporation is registering 2,900,472 shares of common stock for resale by existing security holders. These shares consist of 2,747,260 shares issuable upon exercise of Series A-3 and A-4 inducement warrants and 153,212 shares issuable upon exercise of placement agent warrants.
The company will not receive proceeds from any resale of these shares, but may receive cash if the warrants are exercised for cash at an exercise price of $1.08 per share. As of March 31, 2026, 32,544,703 shares of common stock were outstanding, and the stock last traded at $0.97 per share on April 23, 2026.
Laser Photonics Corporation received a notice from Nasdaq on April 20, 2026 stating it was out of compliance with Nasdaq Listing Rule 5250(c)(1) because its Form 10-K for the year ended December 31, 2025 had not been filed on time. Nasdaq’s notice allowed 60 days to submit a compliance plan and up to 180 days, until October 12, 2026, to regain compliance by filing the report. Shortly after receiving the notice, the company filed its 2025 Form 10-K after resolving accounting issues raised by its recently engaged independent auditor. On April 21, 2026, Nasdaq confirmed the filing restored compliance and declared the matter closed.