LENSAR, Inc. announced it has entered into a securities purchase agreement with NR-GRI Partners, LP to issue 20,000 series A convertible preferred stock shares at an issue price of $1,000 per share for gross proceeds of $20 million on May 12, 2023. The preferred shares will be convertible into 7,940,446 shares. The company will also issue warrants to purchase an aggregate of 4,367,246 warrant shares.

The company is expected to close the transaction on or about May 18, 2023.