Highest-materiality recent filing
Precision Optics closes upsized $10M public offering at $3.60/share
Offering of 2,777,777 shares at $3.60/share; net proceeds ~$10.7M (including overallotment).
Precision Optics appoints Joseph Traut as COO; Mahesh Lawande to depart Oct 31
Mahesh Lawande's employment ends Oct 31, 2025; serves as Advisor to President for October; severance extended to 7 months (~$160,417).
Sold 1,272,500 shares at $4.00 each; gross proceeds ~$5.1M, expected net ~$5.0M.
Precision Optics FY2024 revenue $19.1M, net loss widens to $3.0M; Q1 FY2025 guided $4.2-$4.4M
FY2024 revenue $19.1M exceeded high-end of $18.9M guidance; down from $21.0M prior year.
On March 19, 2025, the Board appointed Joseph P. Pellegrino, Jr., 60 years old, to fill the vacancy on the Board created with Peter Anania’s retirement.
On March 15, 2025, Peter Anania tendered his resignation from the Board of Directors (the “ Board ”) of Precision Optics Corporation, Inc. (the “ Company ”) retiring from the Board effective as of March 15, 2025.
On February 26, 2025, Dr. Richard B. Miles tendered his resignation from the Board of Directors (the “ Board ”) of Precision Optics Corporation, Inc. (the “ Company ”) retiring from the Board effective as of February 28, 2025.
On February 28, 2025, the Board appointed Buell Duncan, 71 years old, to fill the vacancy on the Board created with Dr. Miles’ retirement.
Jeffrey L. DiRubio, the Precision Optics Corporation, Inc.’s (the “ Company ”) Senior Vice President of Sales and Marketing, resigned from the Company effective as of June 30, 2024.
Max materiality 0.75 · Median 0.50 · Most common event other_material