LightPath Technologies Inc is trading at $17.22 (+10.25%) following the announcement of a $100 million registered direct offering of Class A common stock.
- The financing update, released on June 2, indicates the company expects to raise approximately $100 million in gross proceeds.
- Trading volume has reached roughly $29.1 million as shares extend a rebound from the previous session.
- The price jump is attributed to this company-specific catalyst, as no broader market movements fully explain the current momentum.