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LightPath Technologies, Inc. Announces Pricing of $60 Million Public Offering of Common Stock
Prnewswire· 2025-12-12 13:00
Core Viewpoint - LightPath Technologies, Inc. has announced a public offering of 7,750,000 shares of its Class A common stock at a price of $7.75 per share, aiming for gross proceeds of approximately $60 million before expenses [1][2]. Group 1: Offering Details - The offering includes a 30-day option for underwriters to purchase an additional 1,162,500 shares at the public offering price [1]. - The offering is expected to close on or about December 15, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital, investments, acquisitions, and general corporate purposes [2]. Group 3: Underwriters - Canaccord Genuity and Craig-Hallum are serving as joint bookrunners for the offering, with Lake Street acting as co-manager [2]. Group 4: Company Overview - LightPath Technologies is a leading provider of next-generation optics and imaging systems for defense and commercial applications, with a vertically integrated approach and in-house engineering design support [5]. - The company’s manufacturing facilities are located in Orlando, Florida, with additional sites in Texas, New Hampshire, Latvia, and China [5].
LightPath Technologies, Inc. Announces Proposed Public Offering of Common Stock
Prnewswire· 2025-12-11 21:12
Core Viewpoint - LightPath Technologies, Inc. has announced an underwritten public offering of its Class A common stock, with a potential additional 15% of shares available for underwriters [1][2]. Group 1: Offering Details - The public offering is subject to market conditions and there is no assurance regarding its completion or the actual size and terms [1]. - Canaccord Genuity and Craig-Hallum are acting as joint bookrunners for the offering [2]. - The offering is made under a shelf registration statement that was declared effective by the SEC on December 10, 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for working capital, investments, acquisitions, and general corporate purposes [2]. Group 3: Company Overview - LightPath Technologies is a leading provider of next-generation optics and imaging systems for defense and commercial applications, with a vertically integrated approach and in-house engineering support [5]. - The company’s manufacturing facilities are located in Orlando, Florida, with additional sites in Texas, New Hampshire, Latvia, and China [5].
LightPath Appoints Israel Piergiovanni as Vice President of Manufacturing to Support Near-Term Growth Initiatives
Prnewswire· 2025-11-10 21:05
Core Insights - LightPath Technologies has appointed Israel Piergiovanni as Vice President of Manufacturing to enhance production capabilities and operational excellence in response to anticipated growth [1][3]. Company Overview - LightPath Technologies, Inc. is a leading provider of next-generation optics and imaging systems for defense and commercial applications, with a vertically integrated manufacturing model [4]. - The company’s primary manufacturing facilities are located in Orlando, Florida, with additional sites in Texas, New Hampshire, Latvia, and China [4]. Leadership Appointment - Israel Piergiovanni brings over 20 years of experience in global manufacturing operations, having previously served as Senior Director of Manufacturing Operations at Luminar Technologies [2]. - His expertise includes scaling new product introductions, integrating automation systems, and driving operational excellence across supply chains [2]. Production Scaling - The appointment comes at a crucial time as LightPath aims to scale production of camera systems, particularly with new capacity being established in Texas [3]. - The company has a record backlog exceeding $90 million, which it aims to convert into revenue through enhanced manufacturing capabilities [3]. Strategic Focus - Piergiovanni emphasized the importance of LightPath's vertically integrated model, which allows for efficient ramp-up of advanced optical manufacturing to meet near-term demand [3].
LightPath Technologies Appoints Defense Industry Executive Mark Caylor to Board of Directors
Prnewswire· 2025-10-13 12:31
Core Insights - LightPath Technologies, Inc. has appointed Mark Caylor to its Board of Directors, effective October 9, 2025, bringing extensive defense industry expertise to the company [1][4] - Caylor has over 35 years of experience in the defense sector, including leadership roles at Northrop Grumman, where he managed an $11 billion technology business with 25,000 employees [2][4] - The company aims to evolve into a mission-critical optics supplier for allied militaries, focusing on scaling deliveries of cameras and optics across various applications [4] Company Overview - LightPath Technologies is a leading provider of next-generation optics and imaging systems for defense and commercial applications, with a vertically integrated solutions approach [5] - The company’s primary manufacturing facilities are located in Orlando, Florida, with additional sites in Texas, New Hampshire, Latvia, and China [5] - LightPath's product offerings include proprietary BlackDiamond™ chalcogenide-based glass materials and complete infrared optical systems [5]
LightPath Technologies Appoints Respected Photonics Veteran Stephen Mielke, Ph.D., as Vice President of Engineering
Prnewswire· 2025-08-12 12:31
Core Insights - LightPath Technologies has appointed Dr. Stephen L. Mielke as Vice President of Engineering to lead the company's transition from a component supplier to a system supplier in optics and imaging systems [1][4]. Company Overview - LightPath Technologies, Inc. is a leading provider of next-generation optics and imaging systems for defense and commercial applications, with a vertically integrated approach that includes in-house engineering design support [5]. - The company specializes in custom solutions, including proprietary BlackDiamond™ chalcogenide-based glass materials and complete infrared optical systems [5]. Leadership and Experience - Dr. Mielke brings over 20 years of experience in the photonics industry, with expertise in electro-optical systems and technologies across various applications, including automotive LiDAR and optical metrology [2][3]. - His previous roles include Optical System Architect at Luminar Technologies and Director of Engineering at Zygo Corporation, where he led teams in developing advanced optical tools [3]. Strategic Direction - The appointment of Dr. Mielke is seen as pivotal for accelerating the development and deployment of new products, particularly in cameras and optics, as the company aims to enhance its product offerings [4]. - The company is focused on leveraging its in-house capabilities to become a leading provider of integrated optical systems, targeting a diverse market including defense and government sectors [4].
LightPath Technologies to Host Third Quarter Fiscal 2025 Earnings Call on May 15 at 5:00 p.m. Eastern Time
Prnewswire· 2025-05-08 12:31
Core Viewpoint - LightPath Technologies, Inc. is set to release its financial results for the fiscal third quarter ended March 31, 2025, after market close on May 15, 2025 [1] Financial Results Announcement - The company will host an investor conference call on May 15, 2025, at 5:00 p.m. Eastern time to discuss the financial results, provide a corporate update, and conduct a Q&A session [2] - Participants can join the call using the provided U.S. and international dial-in numbers, with a conference ID for access [2] Playback and Webcast Information - A playback of the conference call will be available until May 29, 2025, with specific numbers for U.S. and international listeners [3] - A webcast replay will also be accessible through the provided link [3] Company Overview - LightPath Technologies is a leading provider of next-generation optics and imaging systems for defense and commercial applications [4] - The company offers a range of custom solutions, including proprietary BlackDiamond™ chalcogenide-based glass materials and complete infrared optical systems [4] - LightPath has manufacturing facilities in Orlando, Florida, as well as locations in Texas, New Hampshire, Latvia, and China [4]