secwatch / observer
8-K filed January 12, 2023, 6:59 PM ET ticker LPTH CIK 0000889971
other material confidence high sentiment neutral materiality 0.70

LightPath raises $10M in public offering of 9.09M shares at $1.10 per share; reduces ATM facility

LIGHTPATH TECHNOLOGIES INC

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

LIGHTPATH TECHNOLOGIES INC entered into Purchase Agreement with each purchaser identified on the signature pages thereto valued at 9,090,910 shares of Common Stock for a purchase price of $1.10 per share (effective 2023-01-12).

Action
entry
Agreement
equity purchase
Counterparty
each purchaser identified on the signature pages thereto
Value
9,090,910 shares of Common Stock for a purchase price of $1.10 per share
Effective
2023-01-12
Exact text from the filing
On January 12, 2023, LightPath Technologies, Inc. (the “Company”) entered into a securities purchase agreement with each purchaser identified on the signature pages thereto (the “Purchase Agreement”), pursuant to which the Company agreed to issue and sell, in a public offering (the “Offering”), an aggregate of 9,090,910 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”) for a purchase price of $1.10 per share.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

LIGHTPATH TECHNOLOGIES INC entered into Placement Agency Agreement with A.G.P./Alliance Global Partners valued at cash fee equal to approximately 7.0% of the gross proceeds from the sale of 7,265,910 shares of Comm (effective 2023-01-12).

Action
entry
Agreement
underwriting
Counterparty
A.G.P./Alliance Global Partners
Value
cash fee equal to approximately 7.0% of the gross proceeds from the sale of 7,265,910 shares of Comm
Effective
2023-01-12
Exact text from the filing
On January 12, 2023, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with A.G.P./Alliance Global Partners (“A.G.P.”), pursuant to which A.G.P. agreed to serve as exclusive placement agent for the issuance and sale of the Shares of Common Stock.
View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

LIGHTPATH TECHNOLOGIES INC filing history →

Source: SEC EDGAR
accession 0001654954-23-000328
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