Laser Photonics Prices $3M Private Placement
Portfolio Pulse from Benzinga Newsdesk
Laser Photonics Corporation (NASDAQ:LASE) has announced a $3 million private placement with institutional investors. The funds will be used for working capital and general corporate purposes. The placement involves issuing 1,500,000 units and pre-funded units, each consisting of one share of common stock (or one pre-funded warrant) and one common warrant, exercisable at $4.34 per share. The closing is expected around August 19, 2024.
August 16, 2024 | 1:08 pm
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Laser Photonics Corporation (NASDAQ:LASE) has announced a $3 million private placement to fund working capital and general corporate purposes. The placement involves issuing 1,500,000 units and pre-funded units, each consisting of one share of common stock (or one pre-funded warrant) and one common warrant, exercisable at $4.34 per share. The closing is expected around August 19, 2024.
The private placement will provide Laser Photonics with additional capital for working capital and general corporate purposes, which is likely to be viewed positively by investors. The issuance of new shares and warrants could lead to some dilution, but the overall impact is expected to be positive in the short term due to the infusion of capital.
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