08:49 AM EDT, 07/17/2026 (MT Newswires) -- Laser Photonics ( LASE ) said Friday it entered into definitive agreements for the immediate exercise of outstanding warrants to purchase about 2.5 million common shares, expecting about $2.5 million in gross proceeds.

The warrants have an exercise price of $0.975 per share, before deducting placement agent fees and estimated offering expenses, the company said.

The company will issue new unregistered Series A-7 warrants for up to 800,000 shares and Series A-8 warrants for up to about 4.3 million shares to the participating investors, Laser Photonics ( LASE ) said.

Laser Photonics ( LASE ) expects the offering to close around Monday and will use the net proceeds for working capital and general corporate purposes, it said.

Shares of the company were down 20% in Friday premarket trading.