Financing ·
LightPath Technologies, Inc. entered into a securities purchase agreement to sell an aggregate of 7,142,800 shares of…
LPTHLightpath Technologies Inc
LightPath Technologies, Inc. entered into a securities purchase agreement to sell an aggregate of 7,142,800 shares of Class A Common Stock at $14.00 per share, consisting of 3,571,400 primary shares and 3,571,400 secondary shares. The offering resulted in gross proceeds to the company of approximately $50.0 million, with estimated net proceeds of approximately $47.0 million. The company intends to use the net proceeds for working capital, investments, acquisitions, and general corporate purposes.