Group 1 - Laser Photonics Corporation (LPC) has appointed Qing Lu to its Board of Directors, expanding the board from five to seven members [1] - The addition of Qing Lu creates one of two newly established seats on the board, enhancing its governance structure [1] - Qing Lu will serve as one of the four independent directors on the board [1]

Core Insights - Laser Photonics Corporation has successfully completed a private placement of 1,098,902 shares of common stock at a price of $3.64 per share, along with Series A and Series B warrants priced at $3.40 per share [1] Group 1 - The capital raised will strengthen the company's balance sheet and provide resources for growth [1] - The funds will be utilized to accelerate integration and growth from recent acquisitions, specifically CMS and Beamer [1]