Laser Precision Corp., an Irvine-based manufacturer of measuring instruments, said it has filed a registration statement with the Securities and Exchange Commission on behalf of holders of Laser Precision common shares and warrants issued in several previous private offerings.
The registration covers 644,184 shares of common stock, plus warrants to purchase 403,342 shares of common stock, said Gregory A. Miner, the company's chief financial officer.
He said that all of the common stock and 322,092 of the warrants were issued in a September, 1986, private placement that yielded $3.06 million. The warrants issued in September, as well as 35,500 or the remaining warrants to be registered, will enable holders to purchase Laser Precision common stock at $6 per shares. An additional 48,750 warrants, Miner said, are exercisable at $3.60 per share.