NasdaqCM:LPTHElectronic
LightPath Raises US$50m Equity For Growth While Dilution Weighs On Holders
LightPath Technologies (NasdaqCM:LPTH) has completed a follow-on equity offering via a registered direct deal.
The company raised gross proceeds of US$50 million.
Management plans to use the new capital for working capital, investments, acquisitions, and other corporate purposes.
LightPath Technologies focuses on photonics solutions, supplying optical components and related products into areas where demand for high precision optics has been growing across multiple applications. This fresh...