Lightpath Technologies Shares Sink on $100M Direct, Secondary Offering

Dow Jones06-02

By Connor Hart

Shares of Lightpath Technologies fell after the company disclosed a $100 million registered direct and secondary offering.

The stock declined 11%, to $14.78, in premarket trading Tuesday. Through Monday's close, shares are up more than 50% so far this year.

The optics and imaging company said it and North Run Strategic Opportunities Fund I entered into a security purchase agreement with institutional investors for the purchase and sale of 7.14 million shares of Lightpath's Class A common stock.

The shares will be sold for $14 apiece, with half being sold by Lightpath and half being sold by North Run.

Lightpath expects to receive gross proceeds of $50 million and said it will use net proceeds for working capital, investments, acquisitions and general corporate purposes.

The offering is expected to close on or about Wednesday, with Craig-Hallum acting as sole placement agent.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

June 02, 2026 08:34 ET (12:34 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Through Monday's close, shares are up more than 50% so far this year. \n</p>\n<p>\n  The optics and imaging company said it and North Run Strategic Opportunities Fund I entered into a security purchase agreement with institutional investors for the purchase and sale of 7.14 million shares of Lightpath's Class A common stock. \n</p>\n<p>\n  The shares will be sold for $14 apiece, with half being sold by Lightpath and half being sold by North Run. \n</p>\n<p>\n  Lightpath expects to receive gross proceeds of $50 million and said it will use net proceeds for working capital, investments, acquisitions and general corporate purposes. \n</p>\n<p>\n  The offering is expected to close on or about Wednesday, with Craig-Hallum acting as sole placement agent. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 02, 2026 08:34 ET (12:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4157","symbol_name":"电子设备和仪器","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640438599","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640438599","pubTimestamp":1780403640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Lightpath Technologies fell after the company disclosed a $100 million registered direct and secondary offering.The stock declined 11%, to $14.78, in premarket trading Tuesday. 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Through Monday's close, shares are up more than 50% so far this year. \n\n\n  The optics and imaging company said it and North Run Strategic Opportunities Fund I entered into a security purchase agreement with institutional investors for the purchase and sale of 7.14 million shares of Lightpath's Class A common stock. \n\n\n  The shares will be sold for $14 apiece, with half being sold by Lightpath and half being sold by North Run. \n\n\n  Lightpath expects to receive gross proceeds of $50 million and said it will use net proceeds for working capital, investments, acquisitions and general corporate purposes. \n\n\n  The offering is expected to close on or about Wednesday, with Craig-Hallum acting as sole placement agent. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 02, 2026 08:34 ET (12:34 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640438599","isCrawlerRequest":true}