LightPath Technologies Inc is trading 10.7% up at $17.29. The move follows the company's announcement on June 2, 2026, of a registered direct offering of its Class A common stock to raise approximately $100 million in gross proceeds.
- The offering includes a $50 million primary issuance from the company, with proceeds intended for working capital, investments, and other corporate purposes.
- This capital raise occurs amid a period of strong performance, including a recently reported record backlog of $110.6 million and a 109% year-over-year revenue increase in its fiscal third quarter.