Fonon Corp - May 21, 2024 Form 4 Insider Report for Laser Photonics Corp (LASE)

Role: 10%+ Owner
Signature: /s/ Dmitriy Nikitin, President
Stock symbol: LASE
Transactions as of: May 21, 2024
Transactions value $: $6,630,000
Form type: 4
Date filed: 7/11/2024, 09:55 PM
Previous filing: May 14, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LASE	Common Stock	Award	$6.63M	+3M	+300%	$2.21	4M	May 21, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 21, 2024, Laser Photonics entered into a License Agreement with Fonon Corporation ("Fonon") to receive an exclusive, worldwide, sublicensable license to Fonon's laser material processing equipment and technology, including all applications of laser cutting, marking, engraving, laser welding, brazing, ablation, laser drilling, semiconductor chip marking, semiconductor and FPD (flat panel display) laser processing equipment, all other laser material processing equipment documented or existing in a form of knowhow and/or trade secrets in return for 3,000,000 restricted shares of Laser Photonics common stock.
F2	Fonon is controlled by ICT Investments LLC, an entity owned and managed by Mr. Dmitriy Nikitin. Mr. Nikitin may be deemed to have voting control of Fonon through his ownership of all membership interests of ICT Investments LLC.

Content

On May 21, 2024, Laser Photonics entered into a License Agreement with Fonon Corporation ("Fonon") to receive an exclusive, worldwide, sublicensable license to Fonon's laser material processing equipment and technology, including all applications of laser cutting, marking, engraving, laser welding, brazing, ablation, laser drilling, semiconductor chip marking, semiconductor and FPD (flat panel display) laser processing equipment, all other laser material processing equipment documented or existing in a form of knowhow and/or trade secrets in return for 3,000,000 restricted shares of Laser Photonics common stock.

Fonon is controlled by ICT Investments LLC, an entity owned and managed by Mr. Dmitriy Nikitin. Mr. Nikitin may be deemed to have voting control of Fonon through his ownership of all membership interests of ICT Investments LLC.