Laser Photonics Received NASDAQ Compliance Letters Related To Late Filing Of 2023 10-k (April 17, 2024) And Subsequent Closing Of The Issue To Regain Compliance With Its 10-K Filing (April 18, 2024)

Author: Benzinga Newsdesk | April 22, 2024 04:25pm

Laser Photonics Corporation (LPC) (NASDAQ:LASE), a leading global industrial developer of CleanTech Laser Systems for laser cleaning and other applications, today announced that on April 17, 2024, it 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"), and 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. Please note that 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 18, 2024. On Monday, April 22, 2024, Nasdaq sent a letter to Laser Photonics stating that in light of the filing of its Form 10-K for the year ended December 31, 2023, that Laser Photonics was now in compliance with Listing Rule 5250(c)(1) and that the matter was closed.

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