LIGHTPATH TECHNOLOGIES INC (LPTH): M&A transaction — LightPath acquires AMI for $7M cash; adds large-diameter chalcogenide glass capabilities
LIGHTPATH TECHNOLOGIES INC
- LightPath acquired substantially all assets of Amorphous Materials (AMI) for $7M cash; up to $3M additional equity contingent consideration based on milestones.
- AMI adds proprietary large-diameter glass melting up to 17" (vs current 5") for space/defense optics, including support for Joint Strike Fighter and Apache programs.
- Deal expected to add ~$3M annual revenue from existing tier-1 defense customer; accretive asset purchase.
- Transaction closed Jan 21, 2026; AMI operations in Texas add NDAA compliant backup for Orlando.
- Lock-up agreements for six months with seller; shares issued for first milestone.