NasdaqGS:LASRElectronic
nLIGHT Equity Raise Fuels Defense Laser Expansion And Execution Focus
nLIGHT (NasdaqGS:LASR) completed a public follow-on equity offering of about $175 million in gross proceeds.
The company plans to use the capital to support its high energy laser manufacturing expansion for defense applications.
The offering follows recent pre-announcements referencing strong revenue trends, additional defense contracts, and increased production capacity.
nLIGHT focuses on high power semiconductor and fiber lasers, with a growing emphasis on systems built for defense use...