Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 344

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 344
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 any attempt
to acquire us by means of a merger, tender offer, proxy contest or otherwise, including a transaction in which our stockholders would
receive a premium over the market price for their shares and/or any other transaction that might otherwise be deemed to be in their best
interests, and thereby protects the continuity of our management and limits an investor’s opportunity to profit by their investment
in our business. Specifically, if in the due exercise of its fiduciary obligations, the Board of Directors were to determine that a takeover
proposal was not in our best interest, shares could be issued by our Board of Directors without stockholder approval in one or more transactions
that might prevent or render more difficult or costly the completion of the takeover by:

    ●
    diluting
    the voting or other rights of the proposed acquirer or insurgent stockholder group,

    ●
    putting
    a substantial voting bloc in institutional or other hands that might undertake to support the incumbent Board of Directors, or

    ●
    effecting
    an acquisition that might complicate or preclude the takeover.

Our
indemnification of our officers and directors may cause us to use corporate resources to the detriment of our stockholders.

Our
certificate of incorporation eliminates the personal liability of our directors for monetary damages arising from a breach of their fiduciary
duty as directors to the fullest extent permitted by Delaware law. This limitation does not affect the availability of equitable remedies,
such as injunctive relief or rescission. Our certificate of incorporation requires us to indemnify our directors and officers to the
fullest extent permitted by Delaware law, including in circumstances in which indemnification is otherwise discretionary under Delaware
law.

Under
Delaware law, we may indemnify our directors or officers or other persons who were, are or are threatened to be made a named defendant
or respondent in a proceeding because the person is or was our director, officer, employee or agent, if we determine that the person:

conducted
himself or herself in good faith, reasonably believed, in the case of conduct in his or her official capacity as our director or officer,
that his or her conduct was in our best interests, and, in all other cases, that his or her conduct was at least not opposed to our best
interests; and

in
the case of any criminal proceeding, had no reasonable cause to believe that his or her conduct was unlawful.

30

These
persons may be indemnified against expenses, including attorneys