secwatch.observer — SEC 8-K summary
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Issuer:     LENSAR, Inc. (LNSR)
CIK:        0001320350
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001193125-23-144213
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 3.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LENSAR enters $20M securities purchase agreement with North Run Capital affiliate
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- Sold 20,000 Series A Convertible Preferred Shares at $1,000 stated value each for $20M gross proceeds.
- Preferred shares convertible into ~7.94M common shares at $2.51875 per share, subject to 19.99% ownership blocker.
- Issued warrants to purchase ~4.37M common shares with exercise prices of $2.45 (Class A) and $3.0625 (Class B).
- Board increased to nine members; appointed Thomas B. Ellis and Todd B. Hammer as directors effective after 2023 annual meeting.
- Net proceeds ~$19.1M to be used for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320350/000119312523144213/0001193125-23-144213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320350/000119312523144213/d510326d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-144213

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