Laser Photonics Corporation Form 8-K Filing

Laser Photonics Corporation has entered into warrant inducement agreements with holders of Series A-5 and Series A-6 warrants. These agreements involve the exercise of existing warrants to purchase up to 2,528,572 shares of common stock at $0.975 per share. As an inducement, the company is offering new unregistered Series A-7 warrants to purchase up to 800,000 shares and Series A-8 warrants to purchase up to 4,257,144 shares, also at an exercise price of $0.975 per share. The Series A-7 warrants will expire five years after the effective date of the Resale Registration Statement, and the Series A-8 warrants will expire 24 months after the effective date. The company faces a cash penalty for failure to meet filing deadlines for the S-1 registration statement. H.C. Wainwright & Co., LLC acted as the exclusive placement agent, receiving a 7.0% cash fee and placement agent warrants. The company received gross proceeds of $2,465,357.70 and must file a registration statement within 30 days. There are also restrictions on issuing new shares and entering into variable rate transactions.