Key Developments For Lightpath Technologies Inc
Lightpath Technologies Inc (LPTH.O) (Consolidated Issue listed on NASDAQ Capital Market)
LightPath Technologies, Inc. Signs Second Agreement For Aspheric Lenses With Huanic Corporation
LightPath Technologies, Inc. announced that it is in collaboration with Huanic Corporation to provide aspheric lenses for Huanic's laser modules. LightPath will provide short focal length aspheric lenses for a new project with application in laser instruments.
LightPath Technologies, Inc. Announces Equity Raise Of $1.6 Million Of Additional Capital
LightPath Technologies, Inc. announced that it has raised gross proceeds of approximately $1.637 million through the sale of 1,298,827 shares of common stock to certain institutional and private investors at $1.26 per share. Investors also received warrants for the future purchase of up to 649,423 shares of the Company's common stock. The warrants are priced at $1.73 per share and exercisable for a period of five years beginning on February 19, 2010. If all of the warrants are ultimately exercised, LightPath will receive additional proceeds in the amount of $1.12 million. Garden State Securities, Inc. acted as exclusive placement agent for the offering. The Company will use the net proceeds from the offering for working capital to promote continued growth of the business with new product development and equipment acquisition and development, including proprietary lens press equipment.
LightPath Technologies, Inc. Introduces Athermalized f/1.1, 19 mm Focal Length IR Lens Assembly For Thermal Imaging Using
LightPath Technologies, Inc. announced that it has introduce an f/1.1, 19 mm focal length Long Wave Infrared (LWIR) lens assembly designed for uncooled infrared sensors. These lenses are designed as the primary optics for thermal imagers in a wide variety of applications including homeland security, firefighting, predictive maintenance and driver's vision enhancement systems in automobiles.
LightPath Technologies, Inc. Announces Completion Of $2.9 Million Financing
LightPath Technologies, Inc. announced that it has raised gross proceeds of approximately $2,929,000 through the sale of 8% convertible debentures to a group of institutional and private investors. The debentures are immediately convertible into 1,901,948 shares of common stock. Investors also received warrants to purchase up to 950,974 shares of the Company's common stock. The warrants are exercisable for a period of five years beginning on August 1, 2008 with 65% of the warrants priced at $1.68 per share and 35% of the warrants priced at $1.89 per share. If all of the warrants were exercised, LightPath would receive additional proceeds in the amount of $1,645,184. Interest on the debentures is payable quarterly commencing on October 1, 2008. The interest due on October 1, 2008 was prepaid by the Company on August 1, 2008 by issuing shares of common stock in payment of such interest. The remaining interest payments may be paid in cash or in LightPath common stock.
LightPath Technologies, Inc. Comments On Q4 2008 Revenue Outlook
LightPath Technologies, Inc. announced that it expects to show increases in revenue starting with the fourth quarter of 2008.
