Company: LASE
Filing Date: 2025-09-18
Form Type: 8-K
Source: 0001493152-25-014090
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Company: Laser Photonics Corp
Filing Date: 2025-09-18
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry Into a Material Definitive Agreement.

On
September 12, 2025, the registrant, Laser Photonics Corporation (the “ Company” or “ Laser Photonics”),
entered into a Note Purchase Agreement (the “ NPA”) with four holders pursuant to which it issued to such holders certain
unsecured promissory notes (the “ Notes”). The Notes are (i) in the total principal
amount of $2,111,111.12 with an Original Issuance Discount (“ OID”) equal to 10% that resulted in the Company receiving net
proceeds of $1,129,400 following deductions for expenses, including an 8% placement agency fee and 1% non-accountable allowance paid
to RBW Capital Partners LLC (“ RBW”), a division of Dawson James Securities, Inc., under the terms of a Placement Agency Agreement
dated September 5, 2025, between the Company and RBW, and repayment of principal and accrued and unpaid interest of $509,600 owed
to Hudson Global Ventures, LLC (“ Hudson Global”) under a convertible note in the principal amount of $455,000 issued under
the term of a Securities Purchase Agreement dated August 27, 2025, (ii) due the earlier of three (3) months from the dates of
the Notes which are all September 12, 2025, or in the event of a prior subsequent financing by the Company, the Notes
at the option of the holder must be repaid in full or, if applicable, are exchangeable into the consideration in the subsequent
offering, (iii) subject to a payment in the event of a default of 120% of the unpaid principal amount, accrued interest and all other
amounts owing under the Notes, which amount increases by 5% every 30 days following the date of the event of default until the
Notes are paid in full (the “ Mandatory Default Amount”) and (iv) limited to prepayment only upon a change of control
of the Company subject to payment of the Mandatory Default Amount.

Under
the terms of the NPA, the Company (i) is prohibited from issuing any debt, convertible debt or sale of equity greater than $50,000 until
the Notes have been satisfied in full other than for Exempted Scurities that include securities issued by the Company to Hudson Global
or an affiliate of up to $1,500,000 or to Agile Capital Funding, LLC