-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueSolder Printing
In this issue, we turn a discerning eye to solder paste printing. As apertures shrink, and the requirement for multiple thicknesses of paste on the same board becomes more commonplace, consistently and accurately applying paste becomes ever more challenging.
A Culture of Thriving
One cannot simply command thriving; it must be nurtured, developed, and encouraged. In this issue, we explore strategies to improve your working relationship model—both internally and externally. In this culture of thriving, your business will grow in the process.
Certifications
Certifications have historically been seen as a cost of doing business, but how do we turn them into a positive ROI and a value to both customer and vendor?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
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.
Suggested Items
Altus Hosts Record-Breaking 'Factory of the Future' Event
09/17/2024 | Altus GroupAltus Group, a leading distributor of capital equipment in the UK and Ireland, in partnership with Fuji Corp., recently held its second ‘Factory of the Future’ event at the Advanced Manufacturing Technology Centre (AMTC) in Coventry.
Mycronic Appoints Nomination Committee
09/13/2024 | MycronicThe Nomination Committee for Mycronic’s 2025 Annual General Meeting has been appointed in accordance with the instructions for the Nomination Committee as decided by the 2024 Annual General Meeting.
Cirtronics Welcomes Patrick Moody as New CEO to Lead Next Era of Growth
09/12/2024 | CirtronicsCirtronics, a leading advanced contract manufacturing firm, is excited to announce the appointment of Patrick Moody as the new President, Chief Executive Officer (CEO), and Board of Directors member. Founder and former CEO Gerardine Ferlins will continue to contribute to Cirtronics’ legacy by remaining on the company’s Board of Directors.
Rethink Robotics Debuts Seven New Cobots at IMTS 2024
09/11/2024 | Rethink RoboticsRethink Robotics returns to the market at IMTS, where it unveils its Rethink Reacher (RE) line of collaborative robots (cobots). With a long history as a pioneer in advanced technologies and a partner for the industry when it comes to productivity and safety enhancement,
TTM Selects Lamination Press From Lauffer and all4-PCB for New Syracuse Facility
09/10/2024 | all4-PCBall4-PCB is pleased to announce that TTM Technologies has chosen Lauffer GmbH & Co., Germany to supply the automated multilayer press system for TTM’s new facility in Syrcause, New York. The system will include hot and cold presses, storage towers, lay-up and depinning stations.