Laser Photonics Corp. Faces Delisting Concerns
Ticker: LASE · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1807887
| Field | Detail |
|---|---|
| Company | Laser Photonics CORP (LASE) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, regulatory
Related Tickers: LPAC
TL;DR
LPAC might get delisted, filing shows. Big trouble brewing.
AI Summary
Laser Photonics Corporation filed an 8-K on April 22, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, and also filed financial statements and exhibits. The earliest event reported was April 17, 2024. The company is incorporated in Delaware and its principal executive offices are located in Orlando, Florida.
Why It Matters
This filing indicates potential issues with Laser Photonics Corp.'s continued listing on an exchange, which could impact its stock liquidity and investor confidence.
Risk Assessment
Risk Level: high — The filing explicitly mentions a notice of delisting or failure to satisfy a continued listing rule, indicating significant risk to the company's exchange status.
Key Players & Entities
- Laser Photonics Corporation (company) — Registrant
- April 17, 2024 (date) — Earliest event reported
- April 22, 2024 (date) — Filing date
- Orlando, FL (location) — Principal executive offices
FAQ
What specific listing rule or standard has Laser Photonics Corporation failed to satisfy?
The filing does not specify the exact rule or standard that has not been met, only that a notice of delisting or failure to satisfy one has been issued.
What are the implications of this notice for Laser Photonics Corporation's stock trading?
A notice of delisting or failure to meet listing standards typically raises concerns about the stock's continued trading on its current exchange and could lead to delisting.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on April 17, 2024.
What other items are included in this 8-K filing besides the delisting notice?
This 8-K filing also includes information regarding Financial Statements and Exhibits.
Where are Laser Photonics Corporation's principal executive offices located?
Laser Photonics Corporation's principal executive offices are located at 1101 N. Keller Rd. Suite G, Orlando, FL 32810.
Filing Stats: 564 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-04-22 16:35:05
Filing Documents
- laser_8k.htm (8-K) — 22KB
- laser_ex991.htm (EX-99.1) — 0KB
- 0001654954-24-004878.txt ( ) — 147KB
- laser-20240417.xsd (EX-101.SCH) — 6KB
- laser-20240417_lab.xml (EX-101.LAB) — 15KB
- laser-20240417_cal.xml (EX-101.CAL) — 1KB
- laser-20240417_pre.xml (EX-101.PRE) — 9KB
- laser-20240417_def.xml (EX-101.DEF) — 2KB
- laser_8k_htm.xml (XML) — 4KB
01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On April 17, 2024, the registrant ("Laser Photonics" or the "Company") received a notice from Nasdaq Listing Qualifications department of The Nasdaq Stock Market LLC ("Nasdaq") stating that since the Company has not yet filed its Form 10-K for the year ended December 31, 2023 (the "Filing"), it no longer complies with Nasdaq's Listing Rules (the "Rules"), specifically Listing Rule 5250(c)(1), for continued listing. Under the Rules, the Company has 60 calendar days to submit a plan to regain compliance, and if Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the Filing's due date, or until October 14, 2024, to regain compliance. Any subsequent periodic filing that is due within the 180-day exception period must be filed no later than the end of the period. The Company filed its Form 10-K for its fiscal year ended December 31, 2023, on April 19, 2024, and will advise Nasdaq of its plan to remain compliant with its periodic filing requirements under the Securities Exchange Act of 1934, as amended, the rules and regulations of the Securities and Exchange Commission and the Rules. A copy of the press release announcing this deficiency notice is attached hereto and incorporated herein to this Current Report on Form 8-K as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibits 99.1 Press Release Issued by Laser Photonics Corporation dated April 19, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
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 thereunto duly authorized. Laser Photonics Corporation Date: April 19, 2024 By: /s/Wayne Tupuola Wayne Tupuola President and CEO 3