LASE is trading 6.7% down at $1.81 following the announcement of a transition in its chief financial officer role.
- The company named Ralph Venegas as Principal Financial Officer and Acting CFO, effective June 24, 2026, following the end of a services agreement with former CFO Roman Franklin.
- The stock is extending a multi-day slide as investors react cautiously to the leadership change amid a period of elevated volatility.
- The transition marks a significant shift in the company's executive team as it navigates current market conditions.