secwatch.observer — SEC 8-K summary
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Issuer:     LIGHTPATH TECHNOLOGIES INC (LPTH)
CIK:        0000889971
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001654954-25-001429
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 5.02, 2.03, 3.02, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889971/000165495425001429/0001654954-25-001429-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889971/000165495425001429/lpth_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-001429

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer