Company: LASE
Filing Date: 2025-12-23
Form Type: 10-Q
Source: 0001493152-25-028857
Chunk: 25

Company: Laser Photonics Corp
Filing Date: 2025-12-23
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
 to our registration
statement, of which this prospectus forms a part. The descriptions of the Shares, and preferred stock, reflect changes to our capital
structure that will be in effect on the closing of this offering. In the third quarter of 2025 distributions to affiliate company Fonon
Corporation totalled $285,845. They include sales, marketing, payroll, and other shared costs associated with Fonon Corporation.

Preferred
Stock

    ●
    Par value: 0.001

    ●
    Authorized: 10,000,000

    ●
    Issued: There were no preferred
    shares issued and outstanding as of September 30, 2025

Common
Stock

    ●
    Par value: 0.001

    ●
    Authorized: 100,000,000

    ●
    Issued: 21,111,302
    as of September 30, 2025

In
January 2025 18,692 shares of common stock were issued as part of the payment for the purchase of the assets and certain liabilities
of Control Micro System (CMS Laser).

On
May 5, 2025, the Company entered into exchange agreement with Empery Asset Master LTD, Empery Tax Efficient, LP and Empery Tax Efficient
III, LP, (Holders). Holders hold the number of Warrants to Purchase Common Stock originally issued on August 19, 2024, to Altium Growth
Fund, LP (125,000 warrants), exercisable into the number of shares of Common Stok of the Company. In a modified agreement dated July 8,
2025, the Holders received in exchange to the 125,000 warrants, 107,215 shares of common stock at agreed price of $2.90. The updated calculation
can be found on the last page of the agreement, but in summary we are updating the amount of shares being issued to reflect the difference
in value of the shares previously agreed at $2.90, now down to $2.53 (the current stock price).

In
August 2025, the Company issued 3,000,000
restricted shares of common stock to Fonon Quantum Technologies,
Inc. as consideration for the acquisition of the net assets of Beamer Laser Marking Systems. The shares were valued at the market rate
of the Company’s stock on the date of the Agreements which is $2.8,
for a total amount of