Company: LASE
Filing Date: 2025-10-21
Form Type: S-1/A
Source: 0001493152-25-018753
Chunk: 9

Company: Laser Photonics Corp
Filing Date: 2025-10-21
Form: S-1/A
Chunk 9
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 technology in return for our paying a license fee of $350,000 in cash and a one-time grant of 1,000,000 restricted shares of our Common Stock to ICT Investments.

ICT Investments, LLC (“ICT” or “ICT Investments”) currently owns approximately 20% of the outstanding shares of our Common Stock, Fonon Corporation and Fonon Quantum Technologies, Inc., each an affiliate of ICT Investments, currently own approximately 13% of the outstanding shares of our Common Stock for an aggregate ownership of 28% of our Common Stock, and Fonon Technologies, Inc. owns approximately 3% of the outstanding shares of our Common Stock and collectively are our majority stockholders. Dmitriy Nikitin has voting control of the Company through his ownership of all membership interests of ICT Investments which is the controlling entity of Fonon Corporation, Fonon Quantum Technologies, Inc. and Fonon Technologies, Inc. On May 21, 2024 we entered into a license agreement with Fonon Corporation to receive an exclusive, worldwide, sublicensable license to its laser material processing equipment and technology, including all applications of laser cutting, marking, engraving, laser welding, brazing, ablation, laser drilling, semiconductor chip marking, semiconductor and flat panel display laser processing equipment, all other laser material processing equipment documented or existing in a form of know-how and/or trade secrets in return for 3,000,000 restricted shares of our Common Stock. Following this offering, ICT Investments, through its control of Fonon Corporation, Foon Quantum Technologies, Inc. and Fonon Technologies, Inc., in the aggregate will own approximately 44% of our Common Stock and will have significant voting power to decide all matters submitted to a vote of our stockholders, including the election of our directors. Through our affiliation with ICT Investments, its portfolio companies and its customers, we have access to more than 1,500 high profile Fortune 5000 customer prospects as well as recognition as a global leader in manufacturing premium laser equipment. In addition, through the expertise and reputation of our officers, board members and advisors, we have the foundation of our technologically advanced, disruptive laser systems specifically suited for most material processes with specific cleaning requirements and challenges.

On October 30, 2024, we entered into an Asset Purchase Agreement with CMS, a laser company located in Orlando, Florida, that designs and builds turnkey laser material processing systems for marking, cutting, drilling and welding. CMS allows us to expand into the pharmaceutical market for controlled-release medications that is