QD Laser, Inc. announced that it expects to receive ?15.6516 million in funding from SBI Securities Co., Ltd., Investment Arm
November 25, 2021
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QD Laser, Inc. announced a private placement of 33,000 units of 14th stock acquisition rights at a price of ?394 per unit for gross proceeds of ?13,002,000 and 12,800 units of 15th stock acquisition rights at a price of ?207 per share for gross proceeds of ?2,649,600, for aggregate gross proceeds of ?15,651,600 on November 26, 2021. The transaction will include participation from SBI Securities Co., Ltd., Investment Arm. Each stock acquisition right is exercisable into 100 common shares of the company. The 14th stock acquisition rights carry an initial exercise price of ?956, and the 15th stock acquisition rights carry an initial exercise price of ?1,450. The exercise period is from December 14, 2021 to December 13, 2023. The company will raise the funding through third party allotment method. The transaction has been approved by the board of directors of the company, and is expected to close on December 13, 2021.
QD Laser Inc is a Japan-based company mainly engaged in the development, manufacture and sale of products using laser technology. The Company operates through two business segments. The Laser Device segment manufactures and sells high-performance semiconductor lasers and wafers for communications and industry using gallium arsenide (GaAs) substrates as a platform. The Laser Eyewear segment manufactures and sells retinal scanning laser eyewear. The main products include 1240-1310 nanometers (nm) quantum dot lasers, quantum dot lasers for silicon photonics, DFB lasers for 1030-1180nm material processing and sensors, epitaxial wafers on GaAs substrates, and small visible lasers at 532-594nm and others.
QD LASER, INC. 
