Key facts
- This page summarizes Fonon Corp's Form 4 filing for Laser Photonics Corp (LASE).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 11 Jul 2024, 21:55.
Fonon Corp - 21 May 2024 Form 4 Insider Report for Laser Photonics Corp (LASE)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- LASE
- Reported as of
- 21 May 2024
- Net transaction value
- +$6,630,000
- SEC form
- 4
- Accepted by SEC
- 11 Jul 2024, 21:55:05 UTC
- Prior SEC filing
- 14 May 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Dmitriy Nikitin, President
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Fonon Corp filed Form 4 for Laser Photonics Corp (LASE) on 11 Jul 2024.
Change
- Previous filing in this sequence was filed on 14 May 2024.
- Current net transaction value: +$6,630,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
LASE
transaction
Common Stock
Award
- Transaction value
- $6,630,000
- Shares
- +3,000,000
- Change %
- +300%
- Price
- $2.21
- Shares after
- 4,000,000
- Date
- 21 May 2024
- Ownership
- Direct
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote 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.
Footnote 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.