LightPath Technologies Inc is trading 3.2% down today at $16.02 after announcing a $100 million equity offering priced significantly below its recent market level.
- The company and a selling shareholder agreed to sell 7,142,800 Class A shares at $14.00 per share in a registered direct primary and secondary offering.
- The stock is facing selling pressure due to dilution concerns and the offering price being set at a discount to the stock's prior trading levels.