DealsJun 3, 2026, 05:26 PM
LightPath Technologies Raises $50M in Stock Offering
AI Summary
LightPath Technologies, Inc. announced a registered direct primary and secondary offering of Class A Common Stock, raising approximately $50 million in gross proceeds for the company. The offering involved the sale of 3,571,400 shares by LightPath and an equal number of shares by North Run Strategic Opportunities Fund I, LP, at a price of $14.00 per share. The net proceeds to LightPath are estimated at $47.0 million and will be used for working capital, investments, acquisitions, and general corporate purposes. The company also entered into a placement agency agreement with Craig-Hallum Capital Group LLC.
Key Highlights
- LightPath Technologies sold 3,571,400 shares of Class A Common Stock for $50 million in gross proceeds.
- The offering price per share was $14.00.
- Net proceeds to LightPath are estimated at $47.0 million after fees.
- Proceeds will be used for working capital, investments, acquisitions, and general corporate purposes.
- The company and selling stockholder entered into a placement agency agreement with Craig-Hallum Capital Group LLC.
- Lock-up agreements are in place for directors, executive officers, and the selling stockholder for 60 days.
Price Impact
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