nLIGHT, Inc. Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares
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public offeringfinancial
A public offering is when a company sells shares to the general public through the stock market, either by issuing new shares to raise cash or by letting existing owners sell their stakes. Think of it like a business opening its doors to many new owners at once: it can bring in money for growth but also increases the number of shares available, which can change the stock price and dilute existing ownership — key factors investors watch closely.
underwriters’ optionfinancial
An underwriters’ option is a provision in a securities offering that lets the group selling the new shares buy a fixed extra amount (often up to 15%) from the issuer after the sale. It acts like a short-term safety valve: if demand is strong, underwriters exercise the option and supply extra shares; if the price falls, they can use the option to stabilize the market. For investors this matters because it affects how many shares come to market, potential short-term dilution, and post-offering price stability—similar to having a reserve supply to smooth out sudden swings.
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CAMAS, Wash.--(BUSINESS WIRE)--
nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power lasers for mission-critical directed energy, optical sensing, and advanced manufacturing applications, today announced that the underwriters of its previously announced public offering of 3,977,273 shares of common stock, which initially closed on February 5, 2026, have exercised in full their option to purchase an additional 596,590 shares of common stock at the public offering price of $44.00 per share, raising additional gross proceeds of approximately $26 million and increasing the total gross proceeds of the public offering to approximately $201 million, before deducting underwriting discounts and commissions and other offering expenses payable by nLIGHT. The issuance and sale of the additional shares closed today.
Stifel, Baird, William Blair and Raymond James acted as joint lead book-running managers for the offering. Cantor acted as book-running manager and Needham & Company acted as co-manager for the offering.
An automatically effective shelf registration statement on Form S-3, including a base prospectus, relating to the securities, was filed with the Securities and Exchange Commission (“SEC”) on February 3, 2026. This offering was made only by means of a prospectus supplement and the accompanying base prospectus that forms part of the registration statement. The prospectus supplement and the accompanying base prospectus relating to the offering have been filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and the accompanying base prospectus may also be obtained by contacting Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, 1201 Wills St., Suite 600, Baltimore, MD 21231, by telephone at (855) 300-7136 or by email at SyndProspectus@Stifel.com; Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, Wisconsin 53202, by telephone at (800) 792-2473, or by email at syndicate@rwbaird.com; William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, by telephone at (800) 621-0687, or by email at prospectus@williamblair.com; or Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, FL 33716, by telephone at (800) 248-8863 or by email at prospectus@raymondjames.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About nLIGHT
nLIGHT, Inc. is a leading provider of high-power lasers for mission-critical directed energy, optical sensing, and advanced manufacturing applications. Headquartered in Camas, Washington, nLIGHT employs approximately 800 people with operations in the United States, Europe and Asia.
