---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-148214"
form_type: "8-K"
ticker: "LNSR"
cik: "0001320350"
company_name: "LENSAR, Inc."
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T20:56:32.778551+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LENSAR closes $20M private placement of convertible preferred stock and warrants to North Run affiliate

## Summary
- Gross proceeds of $20M from sale of 20,000 Series A Convertible Preferred Shares (stated value $1,000) and warrants to NR-GRI Partners, an affiliate of North Run Capital.
- Preferred shares convertible into ~7.94M common shares at $2.51875; warrants to purchase ~4.37M shares at $2.45 (Class A) and $3.0625 (Class B) per share.
- Conversion and exercise limited to 19.99% beneficial ownership unless shareholders vote to remove blocker at special meeting by August 16, 2023.
- Directors and executive officers entered voting agreements committing to vote their shares in favor of ownership blocker removal.
- Company restricted from issuing >10% of outstanding common stock or incurring >$1M debt without Buyer consent while 20% ownership condition holds.

## SEC filing metadata
- accession: 0001193125-23-148214
- form_type: 8-K
- ticker: LNSR
- cik: 0001320350
- company_name: LENSAR, Inc.
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320350/000119312523148214/0001193125-23-148214-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320350/000119312523148214/d487803d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-148214
- JSON: https://secwatch.observer/filing/0001193125-23-148214.json
- Plain text: https://secwatch.observer/filing/0001193125-23-148214.txt

## Key facts
- Material Agreements
  LENSAR, Inc. entered into Securities Purchase Agreement with NR-GRI Partners, LP valued at $20,000,000 (effective 2023-05-18).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: NR-GRI Partners, LP
  - Value: $20,000,000
  - Effective: 2023-05-18
  source text: As previously disclosed, on May 12, 2023, LENSAR, Inc. (the “ Compan y ”) entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with NR-GRI Partners, LP, a Delaware limited partnership and an affiliate of North Run Capital, LP (the “ Buyer ”), whereby it agreed to sell to the Buyer, for an aggregate gross purchase price of $20.0 million, (i) an aggregate of 20,000 shares of a newly established series of Preferred Stock designated as “Series A Convertible Preferred Stock, par value $0.01 per share” (the “ Preferred Shares ”), which have a stated value of $1,000 per share and are initially convertible into 7,940,446 shares (the “ Conversion Shares ”) of the Company’s common stock, par value $0.01 per share (the “ Common Stock ”), subject to certain beneficial ownership limitations described below and (ii) warrants (the “ Warrants ”) to purchase an aggregate of 4,367,246 shares of Common Stock (the “ Warrant Shares ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320350/000119312523148214/0001193125-23-148214-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.