Laser Photonics (LASE) Registration Filing summary

Company overview and business model

• Vertically integrated manufacturer of photonics-based industrial products, recently expanded into pharmaceutical manufacturing through acquisition of Control Micro Systems, Inc.

• Focuses on laser blasting technologies for corrosion control, rust removal, de-coating, welding, cleaning, and surface conditioning across multiple industries.

• Targets government entities, Fortune 1000 companies, and medium/small businesses, with a Service Partner Network (SPN) to empower smaller enterprises and generate recurring revenue.

• Holds exclusive global licenses for key laser technologies from affiliates, with significant ownership and control by ICT Investments, LLC and Fonon Corporation.

• Recent acquisition of CMS expands reach into the pharmaceutical sector, leveraging laser technology for precision drug delivery systems.

Financial performance and metrics

• Net revenues reached $3.9 million by December 31, 2023, following initial sales efforts that began in December 2019.

• As of December 30, 2024, 14,282,395 shares of common stock were outstanding.

Use of proceeds and capital allocation

• Net proceeds will be allocated approximately 40% to R&D (anti-drone, semiconductor, bulk-to-shape, ESG lasers, material processing), 35% to strategic acquisitions, and 25% to working capital.

• Management retains broad discretion over allocation, with no current agreements for material acquisitions.