Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 217

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1
Chunk 217
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-time cash dividend for the year ending December 31, 2021, in the amount of $310,280. We currently intend to retain any future
earnings for funding growth and, therefore, do not expect to pay any cash dividends in the foreseeable future. If we determine that we
will pay cash dividends to the holders of our common stock, we cannot assure that such cash dividends will be paid on a timely basis.
The success of your investment in our Company will likely depend entirely upon any future appreciation.

Some
provisions of our certificate of incorporation and bylaws may deter takeover attempts, which may inhibit a takeover that stockholders
consider favorable and limit the opportunity of our stockholders to sell their shares at a favorable price.

Under
our certificate of incorporation, our Board of Directors may issue additional shares of common or preferred stock. Our Board of Directors
has the ability to authorize “blank check” preferred stock without future stockholder approval. This makes it possible for
our Board of Directors to issue preferred stock with voting or other rights or preferences that could impede the success of 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