secwatch.observer — SEC 8-K summary
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Issuer:     LIGHTPATH TECHNOLOGIES INC (LPTH)
CIK:        0000889971
Form:       8-K
Filed at:   2023-01-12T23:59:59+00:00
Accession:  0001654954-23-000328
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LightPath raises $10M in public offering of 9.09M shares at $1.10 per share; reduces ATM facility
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- Offering of 9,090,910 shares of common stock at $1.10 per share; expected to close January 17, 2023.
- Placement agent A.G.P. receives 7% cash fee on most shares sold, 3.5% on certain sales, plus $65K legal and $15K non-accountable expenses.
- Company reduces maximum aggregate offering under prior Sales Agreement with A.G.P. from $25.2M to $1.9M; no shares previously sold under that ATM.
- Securities offered under existing shelf registration statement on Form S-3 (File No. 333-262768).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889971/000165495423000328/0001654954-23-000328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889971/000165495423000328/lpth_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-000328

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