LIGHTPATH TECHNOLOGIES INC SEC Filings

North Run Strategic Opportunities Fund I and related reporting persons filed Amendment No. 4 to their Schedule 13D on LightPath Technologies, updating their ownership and recent trading activity. They report beneficial ownership of 10,319,347 shares, representing 14.7% of LightPath’s Class A common stock, based on 62,789,407 shares outstanding as of May 4, 2026.

This stake consists of 2,990,112 common shares and 7,329,235 shares issuable upon conversion of 14,171.6 shares of Series G Convertible Preferred Stock. The fund details multiple open-market sales between March 17 and May 14, 2026 at prices around $12 per share, and notes a March 25, 2026 conversion of 1,591 Series G Preferred shares into 740,000 common shares at a conversion price of $2.15 per share.

North Run Strategic Opportunities Fund I, LP, a major holder of LightPath Technologies Class A common stock, reported a series of open-market sales. Over May 12–14, 2026, the fund sold a total of 293,052 shares at weighted average prices around $12 per share.

After these transactions, the filing shows the fund holding 2,990,112 shares indirectly. The shares are directly held by the fund and may be deemed indirectly beneficially owned by its general partner and by Thomas B. Ellis and Todd B. Hammer as members of that general partner entity.

LightPath Technologies’ quarter ended March 31, 2026 showed rapid growth but continued losses. Revenue reached $19.1 million, up from $9.2 million a year earlier, and nine‑month revenue rose to $50.6 million from $25.0 million, driven by infrared and assemblies businesses.

The company reported a quarterly net loss of $4.1 million and a nine‑month loss of $16.4 million, affected by higher operating expenses and a $12.2 million non‑cash charge from remeasuring acquisition earnout liabilities. Despite losses, cash and cash equivalents jumped to $55.2 million, helped by a $65.2 million public equity raise and additional private equity.

LightPath completed the Amorphous Materials asset acquisition for preliminary consideration of about $9.2 million, including up to $3.0 million in contingent stock payments. It also continues integrating G5 Infrared, where total consideration is about $27.1 million plus up to $23.0 million in earnouts, with the first earnout already paid in cash and stock.

LightPath Technologies reported strong growth for its fiscal third quarter ended March 31, 2026. Revenue rose 109% year over year to $19.1 million, while gross profit increased 161% to $7.0 million, lifting gross margin from 29% to 36%.

The company still posted a GAAP net loss of $4.1 million, or $0.07 per share, largely influenced by a $3.4 million fair value increase in acquisition earnout liabilities. Excluding non‑cash and one‑time items, adjusted EBITDA improved to $1.1 million from a loss of $1.6 million.

LightPath highlighted a record order backlog of $110.6 million, up 196% from June 30, 2025, driven by assemblies and modules revenue, which grew 355% to $8.4 million. Cash and cash equivalents reached $55.2 million, supported by equity financings and warrant exercises, giving the company resources to integrate recent acquisitions and pursue its growth strategy in defense and commercial optics.

LightPath Technologies Inc Schedule 13G shows Vanguard Capital Management reports beneficial ownership of 2,925,543 shares of Common Stock, representing 5.06% of the class. The filing states Vanguard has sole dispositive power over 2,925,543 shares and sole voting power over 341,283 shares. The filing lists the issuer address as 2603 Challenger Tech Court, Suite 100, Orlando, FL, and is signed on 04/30/2026 by Ashley Grim, Head of Global Fund Administration.

LightPath Technologies President & CEO Shmuel Rubin made an open-market purchase of 180 shares of Class A Common Stock at $9.695 per share. After this transaction, he directly owns a total of 260,844 shares, indicating a small incremental increase in his personal stake.

LIGHTPATH TECHNOLOGIES INC’s major holder North Run Strategic Opportunities Fund I, LP converted 1,591 shares of Series G Convertible Preferred Stock into 740,000 Class A common shares at a conversion price of $2.15 per share, with no cash paid. On March 24–25, 2026, the fund then sold a total of 356,909 Class A shares in open-market transactions at weighted average prices around $12.06–$12.31, and still held 3,283,164 Class A shares afterward.

LIGHTPATH TECHNOLOGIES INC major holder North Run Strategic Opportunities Fund I, LP reported selling a total of 120,454 shares of Class A Common Stock in open-market transactions. The sales occurred on March 17–18, 2026 at weighted average prices around $12.00 per share. After these transactions, the fund holds 2,900,073 shares. According to the disclosure, these shares are directly held by the fund and may be deemed indirectly beneficially owned by its general partner North Run Strategic Opportunities Fund I GP, LLC and by Thomas B. Ellis and Todd B. Hammer as members of that general partner.

Glen Eagle Wealth LLC filed an amended Form 144/A indicating a proposed sale of 2,000,000 shares of Class A Common Stock registered for resale following a conversion of Series G Convertible Preferred Stock that was originally acquired on 02/18/2025. The filing lists an aggregate value of $22,480,000.00 and shows 57,708,603 shares outstanding as of 02/20/2026. The shares are listed on NASDAQ.