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LightPath Secures $8M from Drone Technology Leaders

Photonics.com
Sep 2025ORLANDO, Fla., Sept. 16, 2025 — LightPath Technologies Inc. has entered into a definitive agreement with drone technology companies Ondas Holdings Inc. and Unusual Machines Inc. for an $8 million private placement of LightPath's Class A common stock. The placement consists of the sale of 1.6 million shares of common stock at $5 per share, of which each of Ondas Holdings, Inc. and Unusual Machines, Inc. will purchase $4 million worth. 

Proceeds from the deal will be used for working capital to advance key commercialization initiatives and for general corporate purposes, LightPath said. The offering is expected to close this week. 

Last week, LightPath secured an $18.2 million purchase order with a customer related to the supply of advanced infrared camera systems in calendar year 2026. And earlier this year, LightPath acquired G5 Infrared as a strategic move to gain infrared camera systems.More news & features