Lightpath Technologies Announces $100M Offering

By Greg Peters • Thursday, June 04 10:52 • Permanent Link

Lightpath Technologies said June 2 it entered a securities purchase agreement for a 7,142,800-share registered direct offering priced at $14.00 per share, a deal that would raise $100 million in gross proceeds.

The transaction is split evenly between a primary and a secondary sale. Lightpath is selling 3,571,400 shares, which would bring the company $50 million in gross proceeds. Another 3,571,400 shares are being sold by North Run Strategic Opportunities Fund I, LP, with no proceeds going to the company from that portion.

The offering price of $14.00 values the 7.14 million shares at $100.0 million in total. Lightpath said it plans to use the net proceeds from its portion for working capital, investments, acquisitions and general corporate purposes.

The deal is expected to close on or about June 3, 2026. Craig-Hallum is serving as sole placement agent. Following these announcements, the company's shares moved 1.82%, and are now trading at a price of $15.905. For the full picture, make sure to review LIGHTPATH TECHNOLOGIES INC's 8-K report.

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