ROTH Capital Partners Acts as Sole Book-Running Manager for LightPath Technologies, Inc. (NASDAQ:LPTH) in a
$9.7 Million Follow-On and renders a Fairness Opinion
in connection with the acquisition of ISP Optics

For more information please contact:

Investment Banking
David J. Enzer
Managing Director
(310) 445-5868
denzer@roth.com

   

Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703

agurewitz@roth.com

 

Nazan Akdeniz
Senior Vice President
(949) 720-5740

nakdeniz@roth.com

 

Lou Ellis
Senior Vice President
(949) 720-5739

lellis@roth.com

Transaction Information

LightPath Technologies, Inc. (NASDAQ:LPTH), a leading vertically integrated global manufacturer, distributor, and integrator of proprietary optical and infrared components and high-level assemblies, has completed the acquisition of ISP Optics Corporation ("ISP") for a purchase price of $18 million, subject to post-closing adjustments, of which $12 million was paid in cash with the balance in the form of five-year subordinated note issued to the sellers.

In connection with the acquisition, LightPath completed an underwritten public offering of 8,000,000 shares of its Class A common stock, including full exercise of the over-allotment option. The shares were sold at a price of $1.21 per share, resulting in gross process for LightPath of approximately $9.7 million which was used to acquire ISP and pay transaction expenses. Members of LightPath's Board of Directors and executive management team purchased shares in the offering.

ROTH Capital Partners acted as the Sole Book-Running Manager for the offering, and Financial Advisor to LightPath in the acquisition.

About LightPath Technologies, Inc.

LightPath Technologies, Inc. (NASDAQ:LPTH) provides optics and photonics solutions for the industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM® lenses. LightPath also offers custom optical assemblies, including full engineering design support. For more information, visit www.lightpath.com. (Source: Company Press Release | 12/22/16)

About ROTH Capital Partners

ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S.  For more information on ROTH, please visit www.roth.com.

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