debt
confidence high
sentiment neutral
materiality 0.50
Laser Photonics enters $1.5M term loan with Agile Capital; weekly $72k payments
Laser Photonics Corp
- $1.5M principal loan; weekly principal & interest payments of $72,000 starting May 6, 2025.
- Blanket lien on all assets of company and its subsidiary Control Micro Systems Florida.
- $75,000 administrative agent fee paid to Agile Capital; prepayment triggers full interest due.
- Loan matures November 25, 2025; weekly payments total ~$2.09M over ~29 weeks.
- Confessed Judgment Promissory Note issued; default could allow judgment without notice.