The shares and warrants purchased in this private placement and the shares issuable upon exercise of the warrants have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration. LightPath has agreed to cause the shares issued in the private placement and the shares issuable upon exercise of the warrants to be registered for resale with the Securities and Exchange Commission. This release does not constitute an offer to sell or the solicitation of an offer to buy these securities.Jim Gaynor, President and Chief Executive Officer of LightPath, commented, "LightPath is extremely pleased and excited to have completed this capital raise. These funds will help enable LightPath to execute its strategy of becoming a leading global supplier of optical systems for applications in the infrared market. The global market for infrared systems in both commercial and defense related applications has experienced double digit growth during the previous ten year period, and is expected to reach a total value of over $20 billion by 2014. The commercial and defense applications are reaching an inflection point where high performance infrared optics and scalable price points are a must to enable the next generation of high volume applications. LightPath is ideally positioned to have a strong market presence in these markets given our depth of experience in low-cost, molded optics and our manufacturing infrastructure. The center piece of our growth strategy is to be the supplier that brings true scalability to the infrared optics market."
LightPath Technologies Raises $1,982,727 In A Private Placement
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts