Laser Photonics Corporation (LASE, Financial) is set to enhance its capabilities by acquiring Beamer Laser Marking Systems, a specialist in industrial fiber and CO2 laser marking solutions. Beamer's expertise lies in creating permanent markings such as serial numbers and 2D barcodes on various materials like metal, plastic, and composites. Previously a division under ARCH Cutting Tools, Beamer has reportedly generated annual revenues of $3 million to $5 million from 2022 to 2024.
This strategic acquisition will be finalized after a 15-day review by NASDAQ and involves an all-stock transaction. Laser Photonics plans to distribute 3 million shares of its common stock and a warrant for an additional 3 million shares at an exercise price of $4.34 per share to procure Beamer from its parent company, Fonon Quantum Technologies.
The deal comprises Beamer's laser manufacturing equipment, inventory, customer contracts, intellectual property, and established relationships with distributors and service partners. Key personnel from Beamer necessary for operations will also transition to Laser Photonics. Notably, the acquisition excludes any legacy liabilities, focusing solely on active contracts essential for ongoing business activities.
