Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 342

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 342
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” which would allow us to take advantage of
many of the same exemptions from disclosure requirements, including not being required to comply with the auditor attestation requirements
of Section 404 of the Sarbanes-Oxley Act and reduced disclosure obligations regarding executive compensation in our periodic reports
and proxy statements. We cannot predict if investors will find our common stock less attractive because we may rely on these exemptions.
If some investors find our common stock less attractive as a result, there may be a less active trading market for our common stock and/or
warrants and our stock price and price for the warrants may be more volatile.

28

Our
independent registered public accounting firm will not be required to formally attest to the effectiveness of our internal control over
financial reporting until the later of our second annual report or the first annual report required to be filed with the Securities and
Exchange Commission (the “SEC”) following the date upon which we are no longer an “emerging growth company” as
defined in the JOBS Act.

Under
the JOBS Act, emerging growth companies can also delay adopting new or revised accounting standards until such time as those standards
apply to private companies. We have elected to avail ourselves of this exemption from new or revised accounting standards and, therefore,
will not be subject to the same new or revised accounting standards as other public companies that are not emerging growth companies

Because
the Company is a “smaller reporting company,” we may take advantage of certain scaled disclosures available to us, resulting
in holders of our securities receiving less Company information than they would receive from a public company that is not a smaller reporting
company.

We
are a “smaller reporting company” as defined in the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
As a smaller reporting company, we may take advantage of certain of the scaled disclosures available to smaller reporting companies and
will be able to take advantage of these scaled disclosures for so long as (i) our common shares held by non-affiliates is less than $250
million measured on the last business day of our second fiscal quarter, or (ii) our annual revenue is less than $100 million during the
most recently completed fiscal year and our common shares held by non-affiliates is less than $700 million measured on the last business
day of our second fiscal quarter. To the extent we take advantage of any reduced disclosure obligations, it may make it harder for investors
to analyze the Company’s results of operations and financial prospects