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Lucosky Brookman is a leader in the representation of small and micro-cap companies. The Firm has led it clients through numerous capital raise transaction and over a dozen uplisting and initial public offering transactions.  Access the latest news about Lucosky Brookman, our clients’ business transactions and industry updates here. 

Lucosky Brookman Successfully Represents Laser Photonics Corp. in Initial Public Offering and NASDAQ Uplisting

Lucosky Brookman LLP congratulates its client, Laser Photonics Corporation (NASDAQ: LASE) (the “Company”) a leading global industrial developer of high-tech laser systems for laser cleaning, and other materials applications, in pricing of its initial public offering of 3,000,000 shares of common stock at a price to the public of $5.00 per share for gross proceeds of $15.0 million. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 450,000 shares of its common stock. The Company expects to use the net proceeds of $13.8 million for general corporate purposes, including growth investments, and potential acquisitions.

It was a pleasure working with CEO, Wayne Tupuola, and his team during this major achievement. There were lots of ups and downs, and many hurdles to overcome given recent industry changes but, once again, the Lucosky Brookman team did a phenomenal job staying the course, never giving up and making it happen for everyone. This moment was made even more special by the fact that this IPO is the first widely syndicated microcap IPO to gain approval following the new rules.

The shares began trading on The Nasdaq Capital Market on September 30, 2022, under the ticker symbol "LASE." The offering closed on October 4, 2022.

Lucosky Brookman acted as corporate and securities counsel to the Company, while Alexander Capital acted as Sole Bookrunner for the proposed offering.