LightPath Technologies Inc. (NASDAQ: LPTH) announced a securities purchase agreement with institutional investors for the sale of 7.14 million shares of Class A common stock at $14.00 per share.

The offering consists of 3.57 million shares sold by the company and 3.57 million shares sold by North Run Strategic Opportunities Fund I, LP. LightPath will receive gross proceeds of $50 million from its portion of the sale, while it will not receive proceeds from the secondary offering by the selling stockholder.

The company stated it intends to use net proceeds from its share sale for working capital, investments, acquisitions and general corporate purposes. The offering is expected to close on or about June 3, 2026, subject to customary closing conditions.

Craig-Hallum is serving as sole placement agent for the transaction. The primary offering is being conducted under a shelf registration statement declared effective by the Securities and Exchange Commission on December 10, 2025, while the secondary offering uses a registration statement effective since May 12, 2025.

LightPath Technologies provides optics and imaging systems for defense and commercial applications.