Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 538

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1C
Chunk 538
---
 (excluding
    securities reflected
    in the first column) 
  
    Equity compensation
    plans approved by security holders 
     —  
     —  
      — 
  
    Equity
    compensation plans not approved by security holders 
     —  
      —  
     10,000,000 
  
    Total 
     —  
     —  
     10,000,000 

(1)
In December 2019 our Board of Directors and a majority of our shareholders approved a 2019 Stock Incentive Plan and authorized the issuance
of up to 10,000,000 shares under this plan.

Use
of Proceeds

On
October 4, 2022, the Company closed on an IPO in which it issued 3,000,000 additional shares of common stock at an offer price of $5.00
per share. The shares trade on the NASDAQ under the ticker symbol, “LASE.” Including this issuance, there were 7,878,419
shares outstanding as of December 31, 2022.

The
remaining planned use of proceeds has not changed since the initial public offering.

Recent
Sales of Unregistered Securities.

Set
forth below is information regarding shares of common stock issued, and options granted, from January 1, 2022, to March 10,
2025:

On
July 24, 2022: 25,000 Incentive Stock Options (‘ISOs’) were issued to Tim Schick, CFA. The options vest over four (4) years
and are exercisable at $5.00 per share. These options were cancelled when Tim Schick was terminated as our CFO on March 27, 2023.

On
December 12, 2022: 180,000 warrants were issued to the following members of Alexander Capital, the Underwriter of the IPO. The warrants
are exercisable at $6.00 per share, between March 28, 2023, and September 29, 2027:

    Christopher Carlin - 
     72,250 
  
    Jonathan Gazdak - 
     55,250 
  
    Rocco Guidicipietro 
     21,250 
  
    Joseph Amato - 
     21,250 
  
    Matt Rista - 
     10,000 

37

On
October 4, 202