Business
LightPath Announces $8.0 Million Strategic Investment from Ondas Holdings and Unusual Machines
LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," "we," or "our"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced it has entered into a definitive agreement with Ondas Holdings Inc. (NASDAQ: ONDS), a leading provider of autonomous aerial and ground robot intelligence solutions, and Unusual Machines, Inc. (NYSE American: UMAC), a leading provider of NDAA-compliant drone components, for an $8.0 m
About this update from Unusual Machines, Inc.
[{"type":"text","content":"Strategic Investments from Leading Drone Industry Providers to Support LightPath Technology Deployment in Drone Applications ","length":124,"tagName":"p","attribs":{}},{"type":"text","content":"ORLANDO, Fla., Sept. 15, 2025 /PRNewswire/ -- LightPath Technologies, Inc. (NASDAQ: LPTH) ("LightPath," the "Company," "we," or "our"), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced it has entered into a definitive agreement with Ondas Holdings Inc. (NASDAQ: ONDS), a leading provider of autonomous aerial and ground robot intelligence solutions, and Unusual Machines, Inc. (NYSE American: UMAC), a leading provider of NDAA-compliant drone components, for an $8.0 million private placement of LightPath's Class A common stock.","length":651,"tagName":"p"},{"type":"image","alt":"logo (PRNewsfoto/LightPath Technologies)","displaySize":"","headline":null,"caption":"logo (PRNewsfoto/LightPath Technologies)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":92,"url":"https://media.zenfs.com/en/prnewswire.com/34db32ca364fc77007fc7bd240be8395"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8.VfyFj5jnjZLAKnAMNgIQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE2MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/34db32ca364fc77007fc7bd240be8395","width":400,"height":92}},"href":"https://mma.prnewswire.com/media/2510046/LightPath_Technologies_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The private placement consists of the sale of 1,600,000 shares of common stock at a price of $5.00 per share which each of Ondas Holdings, Inc. and Unusual Machines, Inc. will purchase $4 million of shares. Proceeds will be used for working capital to advance key LightPath commercialization initiatives and for general corporate purposes. The offering is expected to close on or about September 17, 2025, subject to the satisfaction of customary closing conditions.","length":466,"tagName":"p"},{"type":"text","content":"Eric Brock, Chairman and CEO of Ondas Holdings, commented: "We provide customers in rail, energy, public safety, critical infrastructure, and government markets with mission-critical networks, autonomous drones, counter-drone solutions, and artificial intelligence capabi...