---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-21-013516"
form_type: "8-K"
ticker: "LPTH"
cik: "0000889971"
company_name: "LIGHTPATH TECHNOLOGIES INC"
filed_at: "2021-12-23T23:59:59+00:00"
generated_at: "2026-06-27T22:46:26.445708+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LightPath enters second loan amendment extending maturity to April 2023, increases payments, adds exit fee

## Summary
- Maturity of Term Loan and Revolving Credit extended from Feb 2022 to April 15, 2023; exit fee of 4% on outstanding principal due then.
- Monthly payments on Term Loan increase to $100,000 starting November 1, 2022; outstanding principal was ~$4.215M as of amendment date.
- Interest rate set to prime minus 50 bps from Dec 20, 2021; rising to default rate from Aug 1, 2022.
- Financial covenant compliance waived for quarters ending Dec 2021, Mar 2022, and June 2022; $50,000 restructuring fee paid to BankUnited.
- Guidance Line Facility terminated; credit cards to be cancelled by Jan 31, 2022.

## SEC filing metadata
- accession: 0001654954-21-013516
- form_type: 8-K
- ticker: LPTH
- cik: 0000889971
- company_name: LIGHTPATH TECHNOLOGIES INC
- filed_at: 2021-12-23T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889971/000165495421013516/0001654954-21-013516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889971/000165495421013516/lpth_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-21-013516
- JSON: https://secwatch.observer/filing/0001654954-21-013516.json
- Plain text: https://secwatch.observer/filing/0001654954-21-013516.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.