LightPath Technologies, Inc. (NASDAQ: LPTH) Raises $2M

LightPath Technologies, Inc. (NASDAQ: LPTH), a global manufacturer, distributor, and integrator of optical components and high-level assemblies, announced that it has raised gross proceeds of approximately $1,982,727 million through the sale of 1,943,852 shares of its Class A common stock.  Net proceeds are intended to provide working capital to support the continued growth of LightPath’s business, with the primary uses of the funds anticipated to be for expansion of its infrared molding capacity and enhancement of its glass preparation processes and test and measurement capability.  The funding will also support new product development and the acquisition of new equipment.  Read more here.