Mergers & Acquisitions ·
LightPath sells Chinese subsidiary for $4.5M cash, deconsolidating about $4.5M in annual revenue
LPTHLightpath Technologies Inc
LightPath Technologies, Inc. entered into an equity transfer agreement to sell its wholly owned subsidiary, LightPath (Zhenjiang) Optical Instrumentation Co., Ltd., for a $4.5 million cash consideration, payable in installments over five years. The divestiture will result in the deconsolidation of approximately $4.5 million in annual revenue from the China operation. LightPath Technologies, Inc. provides next-generation optics and imaging systems for defense and commercial applications.