Lightpath Technologies slides after $60 million share sale

LightPath Technologies

12/12/2025 16:19

** Optics and imaging systems provider LightPath Technologies' LPTH.O shares drop 8.6% to $8.34

** LPTH announces pricing of public offering of 7.75 million shares at $7.75 apiece for gross proceeds of nearly $60 million

** Offering priced at 15% discount to stock's last close

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

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

** 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;))