Welcome to our dedicated page for Lightpath Technologies SEC filings (Ticker: LPTH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
LightPath Technologies, Inc. filings document operating results, material events, governance votes, acquisitions, and capital-structure disclosures for an optics and imaging systems manufacturer. Form 8-K reports include quarterly financial results, Regulation FD investor presentations, annual meeting voting results, and material agreement disclosures.
The filing record also documents completed acquisition activity, including pro forma financial information for G5 Infrared, and disclosures involving Class A common stock, Series G preferred stock, acquisition earnout liabilities, infrared cameras, assemblies, BlackDiamond optical solutions, and manufacturing capacity.
LIGHTPATH TECHNOLOGIES INC insider reporting entities associated with North Run Strategic Opportunities Fund I, LP reported both a preferred stock conversion and common share sales. On February 20, 2026, the fund converted Series G convertible preferred stock into 1,260,000 Class A Common Stock shares at a stated price of $2.15 per share. The same day, it sold 218,811 Class A shares at a weighted average price of $13.18 and 376,762 shares at $12.15 in open‑market transactions. Additional open‑market sales of 6,500 shares at $12.01 on February 23 and 131,281 shares at $12.02 on February 24 brought total reported sales to 733,354 shares. After these transactions, the reporting entities indirectly held 3,255,514 Class A shares.
LightPath Technologies’ major shareholder North Run Strategic Opportunities Fund I, LP and its affiliates filed Amendment No. 2 to their Schedule 13D, updating their ownership and recent trades. They report beneficial ownership of 11,953,829 Class A common shares, representing about 17.7% of shares outstanding as of February 24, 2026.
The position includes 3,255,614 common shares and 8,698,215 shares issuable from 17,353.6 shares of Series G Convertible Preferred Stock, which are currently exercisable. The filing details a cashless exercise of 3,499,289 warrants into 2,728,968 shares and a conversion of 2,709 preferred shares into 1,260,000 common shares on February 20, 2026.
It also lists multiple open‑market sales by NR‑SOF during February 2026 at weighted average prices between $11.92 and $13.3019 per share. North Run’s general partner and its two members, Todd B. Hammer and Thomas B. Ellis, may be deemed to share voting and dispositive power over these shares but each disclaims beneficial ownership beyond securities directly owned.
Glen Eagle Wealth LLC filed a notice proposing the sale of 2,000,000 shares of Class A Common Stock on 02/20/2026.
The filing lists an aggregate value of $22,480,000.00 and reports 57,708,603 shares outstanding as of 02/20/2026. The shares were issued on conversion of Series G Convertible Preferred Stock originally acquired in a private placement.
LightPath Technologies reported sharply higher sales but wider losses for the quarter ended December 31, 2025. Quarterly revenue rose to $16.4 million from $7.4 million a year earlier, driven by strong growth in infrared components and assemblies and modules, including contributions from the G5 Infrared acquisition.
The company posted a net loss of $9.4 million, compared with a $2.6 million loss in the prior-year quarter, largely due to higher operating expenses and an $7.6 million non‑cash charge from the increased fair value of acquisition‑related earnout liabilities. For the first six months, revenue reached $31.4 million and net loss was $12.3 million.
Liquidity improved significantly. Cash and cash equivalents increased to $73.6 million at December 31, 2025, from $4.9 million at June 30, 2025, mainly from equity financings, including a December underwritten public offering of 8,912,500 Class A shares at $7.75 per share, generating net proceeds of $65.3 million, and a prior private placement. The G5 Infrared deal had total fair value consideration of about $27.1 million, and the related earnout liability was remeasured to $13.8 million.
After quarter‑end, LightPath agreed to acquire substantially all assets of Amorphous Materials Inc. for up to $10.0 million, including $7.0 million in cash at closing and up to $3.0 million in stock‑settled contingent consideration tied to performance milestones. This transaction, which closed in January 2026, expands its chalcogenide glass capabilities.
LightPath Technologies reported a sharp jump in business for its fiscal 2026 second quarter, but still posted a larger loss. Revenue doubled to $16.4 million from $7.4 million, driven mainly by strong growth in higher-value assemblies and modules and contributions from the G5 Infrared acquisition.
Gross profit rose to $6.0 million, lifting gross margin to 37% from 26%, as the mix shifted toward more profitable products and prior manufacturing issues were resolved. However, operating expenses climbed to $14.6 million, including a non-cash $7.6 million increase in the G5 earnout liability, leading to a net loss of $9.4 million, or $0.20 per share.
On an adjusted basis, adjusted EBITDA improved to a positive $0.6 million from a loss of $1.3 million, reflecting stronger underlying operations. The company highlighted a $97.8 million order backlog and ongoing strategic shift toward proprietary BlackDiamond™ glass and NDAA-compliant infrared systems, supported by recent acquisitions and a significantly stronger cash position.
LightPath Technologies’ President & CEO Rubin Shmuel reported an equity award vesting. On 02/02/2026, 29,011 shares of Class A Common Stock were acquired at a price of $0.00 per share through the settlement of restricted stock units on a one-for-one basis.
After this transaction, Shmuel directly owned 260,664 Class A Common shares. Some of the vested shares were withheld to cover the employee’s share of payroll taxes, meaning the full 29,011 shares did not all translate into an increase in freely held stock.
LightPath Technologies chief financial officer Miranda Albert reported the vesting of restricted stock units into 12,103 shares of Class A common stock on February 2, 2026. The units converted to shares on a one-for-one basis, and some shares were withheld to cover payroll taxes.
Following this equity settlement, Albert beneficially owned 78,835 shares of LightPath’s Class A common stock held directly in her name, reflecting her ongoing equity-based compensation rather than an open‑market purchase or discretionary sale.
LightPath Technologies entered into an Asset Purchase Agreement for Amorphous Materials, Inc.’s business that compounds and melts Chalcogenide glasses for third‑party manufacturers. Through its wholly owned subsidiary, the company will acquire substantially all of the seller’s assets and assume certain related liabilities.
Total consideration will not exceed $10.0 million, including a $7.0 million cash payment at closing and up to $3.0 million in contingent stock payments tied to performance milestones. These contingent payments are structured as up to six tranches of $500,000 each, calculated using an LPTH stock price formula. As of January 20, 2026, the seller achieved the first milestone and received 39,897 shares of Class A common stock.
The acquisition closed on January 21, 2026. Shares issued in the transaction are unregistered and rely on private offering exemptions. Certain seller shareholders agreed to a six‑month lock‑up after closing, followed by six months of leak‑out restrictions that limit how quickly they may sell shares.
LightPath Technologies insider entities reported several related transactions. On January 5, 2026, North Run Strategic Opportunities Fund I, LP exercised warrants to purchase 3,499,289 shares of LightPath Class A common stock at $2.58 per share. The exercise was cashless, so the issuer withheld 770,321 warrant shares to cover the exercise price and issued 2,728,968 shares to the fund, leaving 2,728,968 shares beneficially owned indirectly.
The Form 4 also notes that a senior secured promissory note originally issued to North Run - Due North Partners, LP on February 18, 2025, with a $4 million initial principal amount and a conversion feature into 1,860,465 common shares, was repaid in full on December 31, 2025, eliminating that convertible exposure. The reported securities are held through North Run partnership and general partner entities and may be deemed indirectly beneficially owned by associated individuals.
LightPath Technologies received an ownership update from a major investor group. North Run Strategic Opportunities Fund I, its general partner and two principals filed an amended Schedule 13D showing they collectively beneficially own approximately 18.9% of LightPath’s Class A common stock. Their position includes common shares and shares issuable upon conversion of Series G preferred stock.
The amendment explains several recent steps. On December 31, 2025, LightPath paid off a promissory note in full, so certain affiliated entities and an individual are no longer reporting persons or beneficial owners of shares that could have been issued under that note. On January 5, 2026, North Run Strategic Opportunities Fund I acquired additional common stock through the cashless exercise of 3,499,289 warrants, receiving 2,728,968 shares. Following prior stockholder approval, the fund also elected to remove a beneficial ownership cap and an exchange cap that had limited how much stock could be owned through its warrants and Series G preferred shares.