LightPath Technologies, Inc. acquired G5 Infrared, LLC through a Membership Interest Purchase Agreement and additional financing.
The total consideration for the acquisition amounted to $27.1 million, including cash, stock, and potential earnout consideration.
The unaudited pro forma condensed combined financial statements present the results of the transaction as if it had occurred on July 1, 2024.
Acquisition Details
Acquisition included $20.25 million in cash, $6.75 million in stock, and an Earnout valued at $3.5 million.
Financial Adjustment
Net working capital adjustment of ($423,871) and equity portion of consideration at $4,872,066.
Proceeds from Financing
Aggregate proceeds of $32.2 million received, inclusive of conversion of existing indebtedness.
- The acquisition of G5 Infrared will impact LightPath's financials and strategic positioning.
- The pro forma financial information provides insights into the combined operations of both companies after the acquisition.
The acquisition of G5 Infrared marks a significant milestone for LightPath Technologies, Inc., expanding its capabilities and potential for growth in the market.