secwatch.observer — SEC 8-K summary
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Issuer:     Laser Photonics Corp (LASE)
CIK:        0001807887
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0001654954-23-013046
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Laser Photonics replaces auditor BF Borgers after restatement disputes; Fruci engaged
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- BF Borgers flagged improper revenue recognition for two 2022 sales requiring restatement.
- BF Borgers also required stock expense correction for IR firm, needing 10-Q restatements for Q1 and Q2 2023.
- Company questioned the restatements but was not opposed; auditor change not based on those issues.
- Fruci & Associates II, PLLC appointed as new independent auditor effective October 10, 2023.
- BF Borgers sent resignation-for-cause letters to SEC and company; exhibits 16.1-16.3 attached.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807887/000165495423013046/0001654954-23-013046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807887/000165495423013046/laser_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-013046

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