LIGHTPATH TECHNOLOGIES INC 8K

LightPath Technologies agreed to sell its China subsidiary and manufacturing operations to the local management team for $4.5 million, exiting China and completing a shift to a fully Western-aligned manufacturing footprint while expecting no disruption to customer supply but losing related China-based revenues from consolidation.

LightPath Technologies, Inc. announced that it has signed a definitive agreement to divest its wholly owned Chinese subsidiary, LightPath (Zhenjiang) Optical Instrumentation Co., Ltd., including its manufacturing facility and all China-based operations, to an entity owned by members of the current local management team for $4.5 million, payable in installments over five years after closing. Upon completion of the transaction, expected in the coming weeks subject to customary closing conditions, LightPath will no longer have facilities or operations in China, completing its transition to a fully Western-aligned manufacturing footprint focused on NDAA-compliant optics and imaging solutions. The buyer is expected to continue supplying products to LightPath as a third-party vendor for its U.S. and European commercial customers, so the company does not anticipate disruption to customer supply, although approximately $4.5 million in average annual revenue from third-party customers of the China operation (for fiscal years 2025 and preliminary 2026) will be deconsolidated from LightPath’s reported revenue following the closing.

Filing Facts

CIK

889971

Ticker

-

Form

8K

Source Type

sec

Accession

0001437749-26-024234

Alert Tier

7