secwatch.observer — SEC 8-K summary
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Issuer:     Laser Photonics Corp (LASE)
CIK:        0001807887
Form:       8-K
Filed at:   2025-02-21T23:59:59+00:00
Accession:  0001493152-25-007927
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Laser Photonics enters $1.05M secured term loan with Agile Capital, weekly payments of $54K
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- Loan principal $1,050,000 with total interest of $512,000; secured by blanket lien on all assets.
- 28 weekly payments of $54,000 (principal + interest) from Feb 24, 2025 to Sep 1, 2025.
- Prepayment triggers a make-whole premium equal to all remaining interest at contract rate through maturity.
- $50,000 administrative agent fee paid to Agile Capital at closing out of loan proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807887/000149315225007927/0001493152-25-007927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807887/000149315225007927/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-007927

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