LIGHTPATH TECHNOLOGIES INC

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.

LightPath Technologies reported Q3 2026 net revenue of $19.15 million, a significant increase from $9.17 million in Q3 2025. The company posted a net loss of $(4.11) million, or $(0.07) per share, for the quarter. During the nine months ended March 31, 2026, the company completed the acquisition of Amorphous Materials (AML) for an aggregate consideration of approximately $9.2 million, including a $7.0 million cash payment. The company also significantly bolstered its cash position by raising over $73 million through public and private equity placements.

LightPath Technologies reported strong fiscal third-quarter 2026 financial results, with revenue increasing 109% year-over-year to $19.1 million and gross profit up 161% to $7.0 million. The company achieved its third consecutive quarter of positive adjusted EBITDA at $1.1 million and ended the quarter with a record order backlog of $110.6 million. Strategic highlights include the acquisition of Amorphous Materials and key management appointments.