Company: LASE
Filing Date: 2025-06-24
Form Type: 10-K
Source: 0001641172-25-016194
Chunk: 343

Company: Laser Photonics Corp
Filing Date: 2025-06-24
Form: 10-K
Item: Item 1A
Chunk 343
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 in comparison with other public companies.

As
a smaller reporting company, we are permitted to comply with scaled-back disclosure obligations in our SEC filings compared to other
issuers, including with respect to disclosure obligations regarding executive compensation in our periodic reports and proxy statements.
We have elected to adopt the accommodation available to smaller reporting companies. Until we cease to be a smaller reporting company,
the scaled-back disclosure in our SEC filings will result in less information about our company being available than for other public
companies.

Our
largest stockholder beneficially owns a significant number of shares of our common stock. That stockholder’s interests may conflict
with other stockholders, who may be unable to influence management and exercise control over our business.

ICT
Investments, via common control of Fonon Corporation and Fonon Technologies combined owns 59.19% of our shares of common stock. As a
result, ICT Investments is able to: place, elect, or defeat the election of our directors; amend or prevent amendment to our certificates
of incorporation or bylaws; effect or prevent a merger, sale of assets or other corporate transaction; drive business decisions and control
expenditures; and control the outcome of any other matter submitted to the stockholders for vote. Accordingly, other stockholders are
unable to influence management or exercise control over our business.

29

We
do not intend to pay cash dividends to our stockholders.

We
paid a one-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