LightPath Technologies (NASDAQ:LPTH) announced a $100 million registered direct offering of Class A common stock. The company priced 7,142,800 shares at $14.00 per share.
The offering consists of 3,571,400 primary shares sold by the company and 3,571,400 secondary shares sold by North Run Strategic Opportunities Fund I, LP. LightPath expects to generate $50 million in gross proceeds from its portion of the sale.
The company will receive no proceeds from the shares sold by the existing stockholder. Management plans to use the funds for working capital, potential acquisitions, and general corporate purposes. The transaction is expected to close on or around June 3, 2026.