Precision Optics Corporation, Inc. (NASDAQ: POCI), a leading designer and manufacturer of advanced optical instruments for the medical and defense/aerospace industries, has announced the commencement of an underwritten public offering of 2,777,777 shares of its common stock at a public offering price of $3.60 per share. The offering is subject to market conditions, and there is no assurance regarding its completion or the actual size or terms. The company has granted the underwriter, Lucid Capital Markets, LLC, a 45-day option to purchase up to an additional 416,667 shares at the public offering price, less underwriting discounts. The net proceeds from the offering, expected to be approximately $10.7 million after deducting underwriting discounts and commissions, will be utilized for working capital and general corporate purposes. The offering closed on March 30, 2026, and was made pursuant to the company's effective registration statement on Form S-3. The offering was oversubscribed, indicating strong demand from both existing and new institutional investors, including participation from the company's leadership team. This capital raise is expected to enhance the company's liquidity position and support its strategic initiatives in the optical instruments market.

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