LIGHTPATH TECHNOLOGIES INC 8-K

What Happened LightPath Technologies, Inc. announced on its Form 8-K that it priced and closed a registered equity offering of 7,142,800 shares of Class A Common Stock at $14.00 per share. The Offering closed June 3, 2026 and consisted of 3,571,400 Primary Shares sold by the Company (raising ~$50.0M gross) and 3,571,400 Secondary Shares sold by North Run Strategic Opportunities Fund I, LP (the Selling Stockholder). The Company expects net proceeds from the Primary Offering to be approximately $47.0 million after placement agent fees and estimated expenses.

Key Details

• Offering size: 7,142,800 total shares at $14.00 per share; Primary = 3,571,400 shares, Secondary = 3,571,400 shares.
• Gross proceeds to company: ~ $50.0 million; estimated net proceeds: ~ $47.0 million.
• Placement agent: Craig-Hallum Capital Group LLC; cash fee: 4.5% of gross proceeds on both Primary and Secondary portions (paid by the Company for Primary, paid by Selling Stockholder for Secondary).
• Timing & documents: Securities Purchase Agreement and Placement Agent Agreement dated June 1, 2026; Offering closed June 3, 2026; Primary offering via Form S-3 (No. 333-291717, effective Dec 10, 2025); Secondary via Form S-3 (No. 333-286947, effective May 12, 2025).
• Restrictions: 60-day customary lock-up and limitations on issuing/selling Class A common stock or securities convertible into it, and a prohibition on variable rate transactions for 60 days post-closing, subject to specified exceptions.

Why It Matters This transaction raises fresh capital for LightPath — roughly $47M net — which the company said it will use for working capital, investments, acquisitions and general corporate purposes. The secondary sale does not provide proceeds to the company but reduces a large shareholder’s stake. Fees and the 60-day lock-up and trading restrictions may affect short-term share liquidity. Investors should note the dilution effect from the newly issued Primary Shares and that the filing contains the formal agreements and counsel opinion.