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NetworkNewsBreaks – LightPath Technologies, Inc. (NASDAQ: LPTH) Prices Public Offering of 7M Shares of Class A Common Stock

Company: LightPath Technologies, Inc. (LPTH)
Category: Stock Spotlights

Shares of LightPath Technologies (NASDAQ: LPTH) are higher this morning after the company priced its underwritten public offering of seven million shares of its Class A common stock at a price of $1.21 per share. It also granted to the underwriters a 45-day option to acquire an additional one million shares to cover over-allotments in connection with the offering, of which the opportunity to acquire 300,000 shares has been exercised. The company expects to use the anticipated $8.15 million proceeds of the offering toward its acquisition of ISP Optics Corporation. The offering is expected to close December 21, 2016.

To view the full press release, visit: http://nnw.fm/7AzMp

About LightPath Technologies

LightPath Technologies, Inc. (NASDAQ: LPTH) provides optics and photonics solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM® lenses. LightPath also offers custom optical assemblies, including full engineering design support. For more information, visit www.lightpath.com

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NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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