Lightpath Technologies slides after $60 million share sale
ReutersDec 12, 2025 4:19 PM
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
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