LightPath to buy Amorphous Materials for up to $10 mln; shares climb

LightPath Technologies

21/01/2026 11:55

** Shares of optics and imaging systems provider LightPath Technologies LPTH.O rise 8.5% at $15.20 premarket

** Co said on Tuesday after market it would acquire Amorphous Materials for $7 mln in cash, with an additional up to $3 mln in equity should certain milestones be achieved

** Deal adds complementary chalcogenide glass melting tech, expanding capacity for large‑diameter IR optics - LPTH

** Co says acquisition expected to add about $3 mln in annual revenue

** LPTH shares more than doubled over the past year

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))