LightPath announces $8M investment from Ondas, Unusual Machines

LightPath Technologies (LPTH) announced it has entered into a definitive agreement with Ondas Holdings (ONDS) and Unusual Machines (UMAC) for an $8M private placement of LightPath’s Class A common stock. The private placement consists of the sale of 1.6M shares of common stock at a price of $5.00 per share which each of Ondas Holdings and Unusual Machines will purchase $4M of shares. Proceeds will be used for working capital to advance key LightPath commercialization initiatives and for general corporate purposes. The offering is expected to close on or about September 17, subject to the satisfaction of customary closing conditions.