LightPath to acquire G5 Infrared for $20.25M cash + stock; raises $32.2M in concurrent PIPE

LIGHTPATH TECHNOLOGIES INC

Acquires all membership interests of G5 Infrared for $20.25M cash plus 1,972,531 shares of common stock.
Earn-out up to $23M in FY2026/27 based on revenue and EBITDA targets; closing expected by Feb 19, 2025.
Concurrent private placement of Series G convertible preferred, warrants, and $5.2M notes raises ~$32.2M to fund cash portion.
Board increased to eight; Thomas Ellis (North Run affiliate) appointed Class II director effective at closing.
Existing $3M bridge note from Lytton-Kambara exchanged for $1M in common stock and warrants; remainder exchanged in private placement.

item 1.01 item 5.02 item 2.03 item 3.02 item 3.03 item 5.03 item 7.01 item 9.01

Executive movements

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Appointed

Thomas Ellis

Class II Director

LPTH · LIGHTPATH TECHNOLOGIES INC

Filed: February 13, 2025, 6:59 PM ET

Thomas Ellis, an affiliate of the Lead Investor, will serve as a Class II Director

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Thomas Ellis was appointed as Class II Director at LIGHTPATH TECHNOLOGIES INC.

Action: appointed
Role: Class II Director

Exact text from the filing

Thomas Ellis, an affiliate of the Lead Investor, will serve as a Class II Director

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LIGHTPATH TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001654954-25-001429

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