Company: LASE
Filing Date: 2025-12-23
Form Type: 10-Q
Source: 0001493152-25-028857
Chunk: 28

Company: Laser Photonics Corp
Filing Date: 2025-12-23
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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40 per share, are exercisable commencing on the Initial Exercise Date and expire eighteen months
following the effective date of the registration statement to be filed in connection with the Offering. Under the terms of the Common
Warrants, the Investors may not exercise the warrants to the extent such exercise would cause the Investor, together with its affiliates
and attribution parties, to beneficially own a number of shares of common stock which would exceed 4.99% (or, at such Investor’s
option upon issuance, 9.99%), of the Company’s then outstanding Common Stock following such exercise, excluding for purposes of
such determination shares of Common Stock issuable upon exercise of such warrants which have not been exercised.

The
Purchase Agreement contains representations, warranties, indemnification and other provisions customary for transactions of this nature.
The Purchase Agreement also provides that, subject to certain exceptions, until 15 days after the effective date of the registration
statement to be filed in connection with Offering, neither the Company nor any of its subsidiaries will issue, enter into any agreement
to issue or announce the issuance or proposed issuance of any shares of Common Stock or Common Stock equivalents or file a registration
statement other than one in connection with the Offering. The Purchase Agreement also provides that, subject to certain exceptions, for
a period of one year following the effective date of the registration statement to be filed in connection with Offering, the Company
will be prohibited from effecting or entering into an agreement to effect any issuance by the Company or any of its subsidiaries of Common
Stock or Common Stock equivalents (or a combination of units thereof) involving a variable rate transaction, which generally includes
any transaction in which the Company (i) issues or sells any debt or equity securities that are convertible into, exchangeable or exercisable
for, or include the right to receive additional shares of common stock either (A) at a conversion price or exchange rate that is based
upon and/or varies with the trading prices of or quotations for the shares of common stock at any time after the initial issuance of
such securities, or (B) with a conversion, exercise or exchange price that is subject to being reset at some future date after the initial
issuance of such debt or equity security or upon the occurrence of specified or contingent events directly or indirectly related to the
business of the Company or the market for the common stock or (ii) enters into any agreement, whereby the Company may issue securities
at a future determined price (including but not limited to, certain “