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Laser Photonics Corp 8-K Analysis & Summary – 2/21/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Laser Photonics Corp

Filing date:

02/21/2025

TLDR:

Laser Photonics Corporation entered into a Business Loan and Security Agreement for a term loan of $1,050,000 with Agile Capital Funding, LLC and Agile Lending, LLC, secured by a blanket lien on the company’s assets.

ELI5:

Laser Photonics borrowed $1,050,000 from a lender, which they will pay back over time with interest. The lender has a claim on the company’s assets if they don’t pay back the loan.

Accession #:

0001493152-25-007927

Published on

Analyst Summary

  • Laser Photonics Corporation secured a term loan of $1,050,000 with total interest of $512,000 from Agile Capital Funding, LLC and Agile Lending, LLC.
  • The loan is to be repaid through weekly principal and interest payments of $54,000 commencing February 24, 2025, and ending September 1, 2025.
  • A $50,000 administrative agent fee was paid to Agile Capital.
  • The Loan is secured by a blanket lien on the Company’s assets.
  • The loan may be prepaid subject to payment of prepayment fee equal to the aggregate and actual amount of interest (at the contract rate of interest) that would be paid through the maturity date (defined as 28 weeks from the effective date).

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️