LASE Corp 8-K, filed Oct 23, 2026
LASE Corp. (LASE)
About this 8-K
LASE Corp filed this 8-K on October 23, 2026, reporting on events of October 20, 2026.
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. AI summary
Items reported
- Item 3.01: Delisting notice or listing transfer
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On October 20, 2026, Laser Photonics Corporation (the “Company”) received a letter (the “Notification Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has not been in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) because the closing bid price of the Company’s common stock was below $1.00 per share for the last 30 consecutive business days.. The Notification Letter has no immediate effect on the listing or trading of the Company’s common stock on The Nasdaq Capital Market, and the Company’s common stock will continue to trade on The Nasdaq Capital Market under the symbol “LASE.”
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, or until April 19, 2027, to regain compliance with the minimum bid price requirement. The Company will regain compliance if, at any time during this 180-day period, the closing bid price of its common stock is at least $1.00 per share for a minimum of 10 consecutive business days (or such longer period of time as the Nasdaq staff may require in some circumstances, but generally not more than 20 consecutive business days). If the Company does not regain compliance by April 19, 2027, it may be eligible for an additional 180-day compliance period, provided that the Company meets the continued listing requirement for market value of publicly held shares and all other applicable initial listing standards for The Nasdaq Capital Market, other than the bid price requirement, and provides written notice to Nasdaq of its intention to cure the deficiency during the second compliance period. If the Company does not qualify for a second compliance period or fails to regain compliance during the second compliance period, Nasdaq will notify the Company of its determination to delist the Company’s common stock, at which point the Company would have the opportunity to appeal that determination to a hearings panel.
The Company intends to actively monitor the closing bid price of its common stock and will consider its available options to regain compliance with the minimum bid price requirement within the periods permitted by Nasdaq.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Laser Photonics Corporation | ||
| Date: October 23, 2026 | By: | /s/ Timothy Peterman |
| Timothy Peterman | ||
| Chief Financial Officer and Secretary | ||
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