Dan’s Biz Bookshelf: ‘Elevate: Push Beyond Your Limits'
The Marketing Minute: The First Step to More Sales—Marketing
It’s Only Common Sense: Customer Service Is Sales in Disguise
Laser Photonics Announces Pricing of $3.0 Million Private Placement
August 16, 2024 | BUSINESS WIREEstimated reading time: Less than a minute
Laser Photonics Corporation (LPC), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced that it has entered into a securities purchase agreement with institutional investors for aggregate gross cash proceeds of $3.0 million, before deducting fees to the placement agent and other offering expenses payable by the Company. The Company intends to use the net proceeds from the private placement for working capital and general corporate purposes.
In connection with the private placement, the Company will issue an aggregate of 1,500,000 units and pre-funded units. The pre-funded units will be sold at the same purchase price as the units, less the pre-funded warrant exercise price of $0.001. Each unit and pre-funded unit will consist of one share of common stock (or one pre-funded warrant) and one common warrant, each exercisable for one share of common stock at an exercise price of $4.34 per share. The common warrant will be exercisable on the earlier of six months after issuance or shareholder approval and will expire 5.5 years from issuance.
The closing of the private placement is expected to occur on or about August 19, 2024, subject to the satisfaction of customary closing conditions.
Share on:
Suggested Items
TapRen Tech Solutions Launches Streamlined 30-Day Manufacturing and Delivery Commitment
07/09/2025 | TapRenTapRen, a fast-growing electronics product development partner, is proud to introduce its rapid 30-day product manufacturing and delivery model — an end-to-end process designed to take customers from purchase order to functional hardware in 30 days or less.
Trimble, TDK Join Forces to Accelerate Precision Navigation
06/25/2025 | PRNewswireTrimble® and InvenSense, a TDK group company, announced they will work together to deliver an advanced navigation solution that combines the Trimble ProPoint® Go engine and Trimble RTX® correction service with TDK's SmartAutomotive™ Inertial Measurement Units (IMUs) module from InvenSense.
United Electronics Corporation Advances Manufacturing Capabilities with Schmoll MDI-ST Imaging Equipment
06/24/2025 | United Electronics CorporationUnited Electronics Corporation has successfully installed the advanced Schmoll MDI-ST (XL) imaging equipment at their advanced printed circuit board facility. This significant technology investment represents a continued commitment to delivering superior products and maintaining their position as an industry leader in precision PCB manufacturing.
STMicroelectronics Introduces Advanced Human Presence Detection Solution to Enhance Laptop and PC User Experience
06/24/2025 | STMicroelectronicsSTMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, introduces a new Human Presence Detection (HPD) technology for laptops, PCs, monitors and accessories, delivering more than 20% power consumption reduction per day in addition to improved security and privacy.
Smart Automation: The Power of Data Integration in Electronics Manufacturing
06/24/2025 | Josh Casper -- Column: Smart AutomationAs EMS companies adopt automation, machine data collection and integration are among the biggest challenges. It’s now commonplace for equipment to collect and output vast amounts of data, sometimes more than a manufacturer knows what to do with. While many OEM equipment vendors offer full-line solutions, most EMS companies still take a vendor-agnostic approach, selecting the equipment companies that best serve their needs rather than a single-vendor solution.