Mergers & Acquisitions ·
LightPath Technologies, Inc. entered into an equity transfer agreement to sell its wholly owned subsidiary, LightPath…
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.