Company: LASE
Filing Date: 2025-12-29
Form Type: S-1/A
Source: 0001493152-25-029277
Chunk: 15

Company: Laser Photonics Corp
Filing Date: 2025-12-29
Form: S-1/A
Chunk 15
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 directors or a compensation committee comprised solely of independent directors; and (iii) director nominees selected or recommended for our board of directors (the “board”) either by a majority of the independent directors or a nominating committee comprised solely of independent directors. If we cease to be a “controlled company” and our Shares are listed on Nasdaq, we will be required to comply with these standards and, depending on the independence determination with respect to our then-current directors, we may be required to add additional directors to our board to achieve such compliance within the applicable transition periods. We currently do and intend to continue to comply with the Nasdaq corporate governance requirements for companies that are not controlled companies.

Implications of Being an Emerging Growth Company

As a company with less than $1.235 billion in revenue during our most recently completed fiscal year, we qualify as an “emerging growth company” as defined in Section 2(a) of the Securities Act of 1933, as amended, which we refer to as the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. As an emerging growth company, we may take advantage of specified reduced disclosure and other requirements that are otherwise applicable, in general, to public companies that are not emerging growth companies. These provisions include:

| ● | Reduced                                                                                                                                 
 disclosure about our executive compensation arrangements;                                                                               |
| ● | No                                                                                                                                      
 non-binding stockholder advisory votes on executive compensation or golden parachute arrangements;                                      |
| ● | Exemption                                                                                                                               
 from the auditor attestation requirement in the assessment of our internal control over financial reporting; and                        |
| ● | Reduced                                                                                                                                 
 disclosure of financial information in this prospectus, limited to two years of audited financial information and two years of selected 
 financial information.                                                                                                                  |

As a smaller reporting company, each of the foregoing exemptions is currently available to us. We may take advantage of these exemptions for up to five years following our initial public offering on September 29, 2022, or such earlier time that we are no longer an emerging growth company. We would cease to be an emerging growth company if we have more than $1.235 billion in annual revenues as of the end of a fiscal year, if we are deemed to be a large-accelerated filer under the rules of the Securities and Exchange Commission, or if we issue more than $1.0 billion of non-convertible debt over a three-year-period.

Notwithstanding the above, we are also currently