Laser Photonics Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01 Other Events.
On February 10 ,2025 Laser Photonics Corporation (the “Company” or “Laser Photonics”) entered into a Lease Termination Agreement with 2701 Maitland Building Associates, LLC, the Landlord of Suite 125 containing approximately 7,981 rentable square feet that Laser Photonics had leased from November 7, 2022 through December 31, 2025, at a base monthly rent of $14,818.06 (“Suite 125”). In light of Laser Photonics entering into a long-term lease at 250 Technology Park. Lake Mary, FL 32746 on July 1, 2024, Laser Photonics determined that it did not need Suite 125 for its future growth and, since it could not sublet this space, Laser Photonics entered into the Lease Termination Agreement to reduce its lease expense. Under the terms of the Lease Termination Agreement, Laser Photonics agreed to pay a monthly termination fee of $14,912.14 base rent plus operating expenses for five months, saving the Company approximately $80,000 in lease payments for 2025.
The foregoing description of the Lease Termination Agreement does not purport to be complete and is qualified in its entirety by reference to the Lease Termination Agreement that is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 10.1 | Lease Termination Agreement dated February 9, 2025 by and between Laser Photonics Corporation and 2701 Maitland Building Associates, LLC | |
| 104 | Cover Page Interactive Date File (embedded within the Inline XBRL document) |
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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.
| Date: February 10, 2025 | Laser Photonics Corporation | |
| By: | /s/ Wayne Tupuola | |
| Wayne Tupuola | ||
| President and CEO | ||
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