Lightpath Technologies Inc SEC Filings

LightPath Technologies, Inc. is registering up to 1,600,000 shares of its Class A common stock for resale by two existing stockholders, Unusual Machines, Inc. and Ondas Holdings Inc. These shares were previously issued in a private placement at $5.00 per share, which closed on September 16, 2025 and generated $8.0 million in gross proceeds for the company. All shares in this prospectus are being sold by the stockholders, and LightPath will not receive any proceeds from their resale.

The company’s Class A common stock trades on the Nasdaq Capital Market under the symbol “LPTH”, and the closing price was $8.10 per share on December 12, 2025. As of September 26, 2025, there were 44,670,213 Class A shares outstanding. LightPath describes a growth strategy focused on infrared imaging systems, proprietary BlackDiamond glass materials that reduce reliance on Germanium, and advanced optical assemblies serving defense, security and other high-performance markets.

LightPath Technologies is offering 7,750,000 shares of its Class A common stock at $7.75 per share, for gross proceeds of $60,062,500 before underwriting discounts and expenses. Net proceeds are estimated at $56.8 million, and the underwriters have a 30‑day option to buy up to 1,162,500 additional shares.

Shares outstanding are expected to be 53,280,177 after the offering, and new investors face immediate dilution of $6.31 per share relative to the offering price. The company plans to use the cash for working capital, investments, acquisitions and general corporate purposes, while highlighting proprietary BlackDiamond infrared materials and integrated imaging systems as key parts of its growth strategy.

LightPath Technologies, Inc. entered into an underwriting agreement for an underwritten public offering of 7,750,000 shares of its Class A common stock at $7.75 per share, with the underwriters holding a 30-day option to buy up to an additional 1,162,500 shares.

The offering, made under an effective shelf registration statement, is expected to close on December 15, 2025, and the company estimates net proceeds of approximately $56.8 million, to be used for working capital, investments, acquisitions and general corporate purposes.

LightPath agreed to a 90-day restriction on issuing or selling additional equity or convertible securities, and is providing customary representations, warranties, indemnification and a legal opinion related to the issuance and sale of the shares.

LightPath Technologies (LPTH) director equity update: A company director reported equity transactions involving Class A common stock and restricted stock units. On 11/20/2025, 19,355 shares of Class A common stock were acquired in a transaction coded "M," which typically indicates settlement or exercise of derivative securities. Following this transaction, the director directly beneficially owned 69,151 shares of Class A common stock.

Separately, on 11/18/2025, the director was granted 8,824 restricted stock units, each representing a contingent right to receive one share of Class A common stock. These restricted stock units vest one year from the grant date, with directors allowed to defer receipt of the underlying shares to a future date. Any unvested restricted stock units will fully vest if the director leaves the board.

LightPath Technologies (LPTH)8,824 restricted stock units, each representing the right to receive one share of Class A common stock.

The restricted stock units were granted on 11/18/2025 and vest one year from the grant date. Directors may elect to defer when they actually receive the underlying shares, allowing settlement at a future date. Any restricted stock units that have not yet vested will fully vest if the director leaves the board.

LightPath Technologies Inc. (LPTH) reported an insider equity grant for a company director on a Form 4. On 11/18/2025, the director received 8,824 restricted stock units (RSUs), each representing the right to receive one share of Class A common stock. The RSUs are scheduled to vest one year from the grant date, and the director may elect to defer receipt of the shares to a future date. Any RSUs that are still unvested will fully vest if the director leaves the board, accelerating the award at that time.

LightPath Technologies (LPTH) reported a Form 4 insider transaction showing an equity award to a company director. On 11/18/2025, the director received 8,824 restricted stock units (RSUs) that each represent a contingent right to receive one share of Class A common stock.

The RSUs vest one year from the grant date. The director may elect to defer when the underlying shares are actually delivered to a future date. The disclosure also notes that any RSUs that are still unvested will vest immediately if the director leaves the board, accelerating delivery rights to the underlying shares.

LightPath Technologies, Inc. (LPTH) reported a new equity award to one of its directors. On 11/18/2025, the director received 8,824 restricted stock units (RSUs) tied to the company’s Class A common stock, as shown in the derivative securities table.

Each RSU represents the right to receive one share of Class A common stock. The RSUs are scheduled to vest one year from the grant date, although the director may elect to defer actual receipt of the shares to a later time. Any RSUs that remain unvested will vest immediately if the director leaves the board, accelerating delivery of those share rights.

LightPath Technologies (LPTH) director and 10% owner Form 4 filing reports equity compensation activity and related ownership details. On 11/20/2025, 6,968 shares of Class A common stock were acquired indirectly following the settlement of previously granted restricted stock units on a one-for-one basis upon vesting. These securities are held through North Run Capital, LP and may be deemed indirectly owned by North Run Advisors, LLC and the reporting person.

The filing also shows a separate award of 8,824 restricted stock units on 11/18/2025, each representing a contingent right to receive one share of Class A common stock. The units vest one year from the grant date, with directors able to elect to defer receipt of the shares, and any unvested units vest immediately if the director leaves the board.