
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