LENSAR, Inc.

(a)The information set forth below is included for the purpose of providing disclosure under Item 1.01 – “Entry into a Material Definitive Agreement” of Form 8-K.

On August 10, 2026, the Company entered into a Loan and Security Agreement (the “Credit Agreement”) with Salem Five Cents Savings Bank (the “Lender”), providing for a $10.0 million asset-based revolving credit facility (the “Revolving Credit Facility”) secured by a first priority perfected security interest in substantially all of the assets of the Company, subject to customary exclusions.

The amount available to borrow under the Revolving Credit Facility is based on certain accounts receivable and future lease receivables. Borrowings under the Revolving Credit Facility bear interest at the 1-month term SOFR plus 3%, which reduces to 1-month term SOFR plus 2.5% if no event of default occurs in the first year.

The Credit Agreement contains customary conditions precedent, representations and warranties, affirmative and negative covenants, events of default and indemnities. Certain changes of control with respect to the Company would constitute an event of default under the Credit Agreement. Upon the occurrence and during the continuance of an event of default, the Lender could elect to declare all amounts outstanding to be due and payable and exercise other remedies as set forth in the Credit Agreement. Borrowings under the Revolving Credit Facility are prepayable at the Company’s option in whole or in part without premium or penalty.

In addition, the Credit Agreement requires the Company to maintain a minimum of $3.0 million in cash on deposit with the Lender until the Company demonstrates compliance with a minimum EBITDA covenant for the fiscal year ending December 31, 2026 and to be in compliance with a 1.25 to 1.00 debt service coverage ratio commencing with the earlier of March 31, 2027 and the first fiscal quarter in which the Revolving Credit Facility is drawn.

The Revolving Credit Facility expires, and any amounts outstanding thereunder will become due and payable, on August 10, 2028 (the “Revolver Termination Date”), but may be terminated by the Company at any time prior to the Revolver Termination Date without premium or penalty.

As of August 13, 2026, no revolving credit loans were outstanding under the Revolving Credit Facility.

The foregoing description of the Credit Agreement and the Revolving Credit Facility is qualified in its entirety by reference to the full text of the Credit Agreement, which is filed as Exhibit 10.2 to this Quarterly Report and incorporated by reference herein.

(b) None.

(c) During the three months ended June 30, 2026, no directors or “officers” (as defined in Rule 16a-1(f) under the Exchange Act) of the Company adopted, modified or terminated a “Rule 10b5-1 trading arrangement” and/or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K.