---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-060906"
form_type: "8-K"
ticker: "LNSR"
cik: "0001320350"
company_name: "LENSAR, Inc."
filed_at: "2025-03-24T23:59:59+00:00"
generated_at: "2026-05-24T06:22:23.486111+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Alcon acquires LENSAR for $14.00/share cash plus CVR up to $2.75, total ~$430M

## Summary
- Per-share consideration: $14.00 cash plus contingent value right (CVR) of up to $2.75 if 614,000 cumulative procedures achieved by Dec 31, 2027.
- Total potential consideration of ~$430M; represents 24% premium to 30-day VWAP and 47% to 90-day VWAP.
- North Run affiliates, representing ~45.8% of voting power, entered voting agreement to support the merger.
- Transaction expected to close mid-to-late 2025, subject to regulatory approvals and LENSAR stockholder approval.
- LENSAR's ALLY Robotic Cataract Laser System and Streamline software strengthen Alcon's cataract equipment portfolio.

## SEC filing metadata
- accession: 0001193125-25-060906
- form_type: 8-K
- ticker: LNSR
- cik: 0001320350
- company_name: LENSAR, Inc.
- filed_at: 2025-03-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320350/000119312525060906/0001193125-25-060906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320350/000119312525060906/d933651d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-060906
- JSON: https://secwatch.observer/filing/0001193125-25-060906.json
- Plain text: https://secwatch.observer/filing/0001193125-25-060906.txt

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