Laser Photonics issues $2.1M notes at 10% OID; net proceeds $1.13M after fees and prior debt repayment

Laser Photonics Corp

Issued $2,111,111 principal unsecured notes to four holders; net proceeds $1,129,400 after 10% OID, 8% placement fee, and retiring $509,600 convertible note to Hudson Global.
Notes mature in 3 months (Dec 12, 2025) or earlier if subsequent financing; holders can exchange into new offering consideration.
Company must consummate a PIPE transaction between Oct 5–17, 2025, with RBW Capital as exclusive placement agent.
Until Notes paid, no >$50,000 debt/equity issuance without investor consent; exemptions for up to $1.5M to Hudson Global and $2.5M to Agile Capital.
Default penalty: 120% of unpaid principal + 5% every 30 days; prepayment allowed only on change of control.

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