secwatch.observer — SEC 8-K summary
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Issuer:     Laser Photonics Corp (LASE)
CIK:        0001807887
Form:       8-K
Filed at:   2025-09-18T23:59:59+00:00
Accession:  0001493152-25-014090
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807887/000149315225014090/0001493152-25-014090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807887/000149315225014090/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-014090

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