LightPath Technologies dims on $100 mln direct stock offering

LightPath Technologies

02/06/2026 13:33

** Optics and imaging systems provider LightPath Technologies LPTH.O shares down 9.4% before the bell to $14.99 after $100 mln direct stock offering
** LPTH says it and existing holder North Run Strategic Opportunities Fund sold ~7.14 mln shares to certain institutional investors at $14
** Co and selling stockholder each sold ~3.57 mln shares
** Offering price represents 15.5% discount to stock's last sale on Mon
** LPTH intends to use net offering proceeds it receives for working capital, investments, acquisitions, and general purposes
** Craig-Hallum sole placement agent
** Orlando, Florida-based LPTH has ~62.8 mln shares outstanding
** Through Mon, stock up 53% YTD. It closed at $3.01 a year ago
** 1 analyst rates the stock "strong buy", the other 3 rate "buy"; median PT $15.95, per LSEG data

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))