Substantial doubt about the company's ability to continue as a going concern.
“Accordingly, management concluded that substantial doubt regarding the Company's ability to continue as a going concern continues to exist.”View the 10-Q filed Aug 14, 2026
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Laser Photonics Corporation changed its name effective November 4, 2026 to LASE Corp., while common stock continues trading on The Nasdaq Capital Market under ticker symbol “LASE”.
Laser Photonics Corporation received Nasdaq’s notice that its closing bid price was below $1.00 per share for 30 consecutive business days, triggering a minimum bid price deficiency. It has until April 19, 2027, to regain compliance, while its stock continues trading.
Laser Photonics Corporation appointed Timothy A. Peterman permanently as Chief Financial Officer and Secretary, effective October 6, 2026, with a $300,000 annual base salary and up to a 60% annual bonus beginning in fiscal year 2027.
Laser Photonics Corporation appointed Dmitri Nikitin as Executive Chairman and principal executive officer effective October 12, 2026, with a $400,000 salary and a 2,000,000-share equity award; CEO Wayne Tupuola resigned effective October 13, 2026.
