Precision Optics Corp Inc/Mass (POCI)
NASDAQHealth CareMedical - Instruments & SuppliesSnapshot 2026-09-04
$4.35-0.46%
Close 2026-09-04 · 1-day change
NASDAQHealth CareMedical - Instruments & SuppliesSnapshot 2026-09-04
QuarterlyIQ Insights · POCI
Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
Entry into a Material Definitive Agreement. Underwriting Agreement On March 27, 2026, Precision Optics Corporation, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Lucid Capital Markets, LLC (the “Underwriter”), relating to the issuance and sale (the “Offering”) of 2,777,777 shares of its common stock, par value $0.01 per share, at a price to the public of $3.60 per share. In connection with the Offering, the Company has granted the Underwriter…
The Company issued the Representative’s Warrants pursuant to the exemption from the registration requirements of the Securities Act of 1933, as amended, available under Section 4(a)(2). 2
Chief Operating Officer — Mr. Mahesh Lawande: Mr. Lawande's employment was mutually terminated and he transitioned to an 'Advisor to the President' role before departure.
Entry into a Material Definitive Agreement. On June 2, 2025, the Company entered into a Lease Agreement (the “ Lease ”) with 550 King Street, LLC (the “Landlord”), pursuant to which the Company will lease approximately 19,590 rentable square feet of commercial space located at 550 King Street, Building A, Suite 100, Littleton, Massachusetts (the “Premises”). The Lease provides for an initial term of seven and one half (7.5) years, commencing upon substantial completion of tenant improvements…
Entry into a Material Definitive Agreement. As previously disclosed in Precision Optics Corporation, Inc.’s (the “Company”) Form 10-Q for the period ended March 31, 2025, as filed with the Securities and Exchange Commission on May 15, 2025, on May 14, 2025, the Company entered into a Lease Agreement (the “ Lease ”) with 400 Southborough, LLC (the “ Landlord ”), pursuant to which the Company will lease approximately 8,750 square feet of commercial space located at 500 Southborough Drive, City…
Entry into a Material Definitive Agreement. As previously disclosed in Precision Optics Corporation, Inc.’s (the “Company”) Form 10-Q for the period ended March 31, 2025, as filed with the Securities and Exchange Commission on May 15, 2025, on May 13, 2025, the Company entered into a First Lease Extension Agreement (the “ Extension ”) with Texzona Industries, Inc., pursuant to which the Company will continue to lease approximately 9,375 square feet of commercial space located at 1410 Gail Bor…
Director — Peter Anania: Peter Anania retired from the Board of Directors, and Joseph P. Pellegrino was appointed to fill the vacancy.
Director — Dr. Richard B. Miles: Dr. Richard B. Miles retired from the Board of Directors, and Buell Duncan was appointed to fill the vacancy.
Entry into a Material Definitive Agreement. Offering On February 19, 2025, Precision Optics Corporation, Inc . (the “Company”) entered into Securities Purchase Agreements (the “Purchase Agreements”) with institutional and accredited investors (collectively, the “Investors”) for the sale by the Company of 1,272,500 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share in a registered direct offering (the “Offering”) at a purchase price of $4.00 per share. The closing o…
Results of Operations and Financial Condition. On September 30, 2024, Precision Optics Corporation, Inc. (the “Company”) issued a press release reporting its financial and operating results for the fourth quarter and fiscal year 2024 (the “Earnings Release”). A copy of the Earnings Release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. None of the information furnished in this
of this report contains forward-looking statements. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements include, but are not limited to, statements that express the Company’s intentions, beliefs, expectations, strategies, predictions or any other statements related to its future activities, or future events or conditions. Th…
Entry into a Material Definitive Agreement. On August 13, 2024, Precision Optics Corporation, Inc . (the “Company”) entered into Securities Purchase Agreements (the “Purchase Agreements”) with institutional and accredited investors and with certain officers and directors of the Company (collectively, the “Investors”) for the sale by the Company of 265,868 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share in a registered direct offering (the “Offering”) at a purcha…
Senior Vice President of Sales and Marketing — Jeffrey L. DiRubio: Mr. DiRubio resigned from his position and entered into a Consulting Agreement.
Unregistered Sale of Securities. On June 15, 2023, we entered into agreements with certain institutional and accredited investors calling for the purchase and sale of 420,000 shares of our common stock, $0.01 par value, at a purchase price of $6.00 per share. The stock issuance is expected to close on June 20, 2023, at which time we expect to receive gross proceeds of approximately $2.52 million before deducting placement agent commissions and other estimated offering expenses. A.G.P./Allianc…
Chief Financial Officer — E. Kevin Dahill: Mr. Dahill resigned as the Interim Chief Financial Officer upon the appointment of a permanent CFO.
Entry into a Material Definitive Agreement. On June 2, 2023, the Company entered into a Second Amendment to Loan Agreement with Main Street Bank, which provides for an additional term loan in the original principal amount of $750,000 and an increase in the Company’s existing revolving line of credit to up to $1,250,000, from the existing limit of $500,000. The term loan has a term of 5 years and bears interest at the fixed rate of 8.625% per annum. The revolving line of credit bears interest…
Chief Operating Officer — Mahesh Lawande: Mr. Mahesh Lawande was appointed as the Chief Operating Officer.
Entry into a Material Definitive Agreement . As partial consideration for the October 2021 acquisition of Lighthouse Imaging, and as part of an Asset Purchase Agreement dated as of October 4, 2021, the Company agreed to pay up to $ 1,500,000 in two annual installments of up to $750,000, each contingent upon the Lighthouse Imaging division achieving stated levels of gross margin for the given twelve month earn-out period. As of June 30, 2022, the first annual earn-out liability of $750,000 for…
CFO — Daniel S. Habhegger: Mr. Habhegger is transitioning to a reduced role as Senior Vice President, Finance and will be succeeded by E. Kevin Dahill as Interim CFO.
Material Modification to Rights of Security Holders. To the extent required by
and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
President of the Ross Optical division — Divaker Mangadu: Base salary was increased from $140,000 to $160,000 per annum.
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