Laser Photonics Corporation (NASDAQ: LASE) filed for a public offering of stock and warrants to raise up to $9.1 million.
Auditors issued a warning citing substantial doubt regarding the company's ability to continue as a going concern.
The company reported a net loss of $17.5 million in 2025.
Revenue fell 44.3% year-over-year during the first half of 2026.
The filing highlights a significant working capital deficit.
Management structured the deal as a best-efforts, no-minimum offering.
The company will retain all proceeds even if it fails to reach the $9.1 million target.
The financing will cause substantial dilution for existing shareholders.