LightPath Technologies slides after unveiling planned capital raise

LightPath Technologies

11/12/2025 21:49

** Optics and imaging systems provider LightPath Technologies' LPTH.O shares fall 9% to $8.29 in extended trading

** LPTH kicks off public offering of common stock; size not disclosed

** Canaccord Genuity and Craig-Hallum are joint bookrunners for the offering

** LPTH plans to use proceeds for working capital, investments, acquisitions, and general purposes

** With 45.4 million outstanding shares, LPTH has a $400.7 million market cap, per LSEG data

** All four brokerages covering the stock rate it "buy" or higher; median PT $10.50 - data compiled by LSEG

** As of last close, LPTH stock up 158.4% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))