Laser Photonics
This article was originally published in The Gray Sheet
Executive Summary
Registration statement filed with the Securities and Exchange Commission and effective June 30 covers 2.6 mil. shares of common stock and 1 mil. Class A warrants being offered by selling shareholders and warrant holders. Although no proceeds from the sale will go to the company, the firm could receive "up to" about $4.3 mil. if the warrants are exercised "and all other outstanding options and warrants for which the underlying shares of common stock have been registered are exercised by the holders thereof." The warrants are listed under the symbol "LAZRW" on the NASDAQ exchange, entitle the holder to purchase one share of common stock at an exercise price of $3.25, and expire on Sept. 30, 1995....