LightPath Technologies, Inc. announced a strategic investment of $8.0 million from Ondas Holdings Inc. and Unusual Machines, Inc.
The investment aims to support LightPath's technology deployment in drone applications, enhancing optics and imaging systems.
The private placement involves the sale of 1,600,000 shares of common stock at $5.00 per share, with Ondas Holdings and Unusual Machines purchasing $4 million of shares each.
Strategic Investment Details
$8.0 million private placement of LightPath's Class A common stock, with proceeds to be used for working capital and commercialization initiatives.
Partnership Benefits
Partnerships with Ondas Holdings and Unusual Machines to advance next-generation optics and imaging systems for the drone industry.
Market Demand
Growing demand for drones across industries, particularly defense, driving the shift towards American-made components like LightPath's BlackDiamond™ Glass.
- Partnerships with industry leaders reinforce LightPath's position in the drone sector.
- Increased investment will accelerate the development and deployment of innovative technology solutions.
- Focus on American manufacturing aligns with shifting geopolitical dynamics in the supply chain.
The strategic investment from Ondas Holdings and Unusual Machines marks a significant milestone for LightPath, positioning the company as a key player in the evolving drone industry landscape.