LightPath Technologies, Inc. announced a strategic investment of $8.0 million from Ondas Holdings and Unusual Machines.
The investment aims to support LightPath's technology deployment in drone applications, emphasizing the defense and commercial sectors.
The private placement consists of 1,600,000 shares of common stock at $5.00 per share, with Ondas Holdings and Unusual Machines each purchasing $4 million of shares.
Strategic Investment Details
$8.0 million private placement of LightPath's Class A common stock with Ondas Holdings Inc. and Unusual Machines Inc.
Use of Proceeds
Funds will be used for working capital to advance key commercialization initiatives and general corporate purposes.
Closing Date
Expected to close on or about September 17, 2025, subject to customary closing conditions.
- Partnerships with Ondas Holdings and Unusual Machines signify strategic milestones for LightPath in advancing uncooled camera technology for drones.
- The investment validates LightPath's position as a leading provider of next-generation optics and imaging systems for the drone industry.
The strategic investment from Ondas Holdings and Unusual Machines highlights growing interest in LightPath's technology and underlines the potential for innovation in the drone industry.