Laser Photonics Announces Exercise of Warrants for $2.5 Million Gross Proceeds
Laser Photonics entered into definitive agreements for the immediate exercise of outstanding warrants for 2,528,572 shares of common stock at a price of $0.975 per share. The transaction is expected to generate approximately $2.5 million in gross proceeds, and in exchange, the company issued new unregistered Series A-7 and Series A-8 warrants to purchase up to 5,057,144 shares combined. Net proceeds from the offering are intended for working capital and general corporate purposes, with H.C. Wainwright & Co.
Key figures
- Deal Value Usd
- 2500000
- Offering Price
- 0.975
- Shares Offered
- 2528572
- Series a7 warrants
- 800000
- Series a8 warrants
- 4257144
- New warrants exercise price
- 0.975
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