M&A
confidence high
sentiment neutral
materiality 0.70
LightPath completes $34.6M acquisition of G5 Infrared; pro forma loss deepens
LIGHTPATH TECHNOLOGIES INC
- Total consideration: $20.25M cash, $6.75M stock, and $7.6M earnout for all G5 Infrared membership interests.
- Acquisition financed via $32.2M equity/debt raise; transaction closed Feb 18, 2025.
- Pro forma combined FY2024 revenue $48.0M, net loss $15.7M (vs. LightPath standalone loss $8.0M).
- G5 Infrared contributed $16.3M revenue and $1.8M net income in its own FY2024.
- Preliminary purchase price allocation includes $19.3M intangible assets and $3.1M goodwill.