Date Announced: 21 Dec 2016$18M deal comprised a combination of $12M cash and five-year loan notes. ORLANDO, FL--(Marketwired - Dec 21, 2016) - LightPath Technologies, Inc. ( NASDAQ : LPTH ) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer, distributor, and integrator of proprietary optical and infrared components and high-level assemblies, today announced that it has completed the acquisition of ISP Optics Corporation ("ISP") for a purchase price of $18 million, subject to post-closing adjustments, of which $12 million was paid in cash with the balance in the form of five-year subordinated notes issued to the sellers. LightPath also announced today that simultaneous with the closing of the acquisition it has completed the previously announced underwritten public offering of 8,000,000 shares of its Class A common stock, which includes the full exercise by the underwriters of their option to purchase 1,000,000 shares of Class A common stock to cover over-allotments, at a public offering price of $1.21 per share. Members of LightPath's Board of Directors and executive management team purchased shares in the offering. Net proceeds from the sale of the Class A common stock after deducting underwriting discounts and expenses were approximately $8.85 million. The Company used the net proceeds from the offering for a portion of the purchase price of the acquisition of ISP payable in cash as well as to pay transaction expenses and other costs in connection with the acquisition. The balance of the cash portion of the purchase price was funded by a $5 million acquisition loan from Avidbank, which also closed today, that is payable on an interest-only basis for six months and thereafter amortized over 54 months. Commenting on today's completed transactions, Jim Gaynor, President and Chief Executive Officer of LightPath, said, "We are excited to have consummated the acquisition of ISP Optics Corporation as planned and welcome ISP employees to the expanding global LightPath team. This transformative acquisition was made possible through a fully subscribed underwritten public offering of common stock. The offering successfully attracted to the Company numerous high quality institutional investors, in addition to personal investments from members of our executive management team and Board of Directors. The combination of LightPath and ISP positions us for continued growth with greater scale and scope to offer a comprehensive platform of visible and infrared solutions." Roth Capital Partners acted as sole book-running manager and Dougherty & Company acted as co-manager for the offering. Roth Capital Partners also served as an advisor to LightPath in connection with the ISP acquisition, rendering a fairness opinion to the Board of Directors. BakerHostetler acted as legal advisor to LightPath. ZAG-S&W acted as legal advisor to Roth Capital Partners. KippsDeSanto & Co. acted as financial advisor and Blank Rome LLP acted as legal advisor to ISP in connection with the transaction. Source: LightPath TechnologiesContactvia web siteE-mail: via web siteWeb Site: www.lightpath.com

Edmundoptics isp

Is the burned dimension shorter or longer than expected. I’m going to guess that it’s shorter. I believe your Atomstack laser does not allow for configuration changes to be written so I’m going to assume you have a mechanical issue causing shorter lines. If your lines are not shorter then please correct me.

LightPath Technologies

How to solve image distortion _ Y axes a circle becomes oval and the square stretches on the height. I retightened the training courois but it didn’t improve anything. Thanks for your help

Isp opticslightpath

yes i solved my problem… I’ve had my laser engraver for two weeks, and I’m trying to figure out each function. I therefore had to activate the rotation option in the laser parameters. Thank you for your help and I hope my problem will help the forum community.

ORLANDO, FL--(Marketwired - Dec 21, 2016) - LightPath Technologies, Inc. ( NASDAQ : LPTH ) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer, distributor, and integrator of proprietary optical and infrared components and high-level assemblies, today announced that it has completed the acquisition of ISP Optics Corporation ("ISP") for a purchase price of $18 million, subject to post-closing adjustments, of which $12 million was paid in cash with the balance in the form of five-year subordinated notes issued to the sellers.

Roth Capital Partners acted as sole book-running manager and Dougherty & Company acted as co-manager for the offering. Roth Capital Partners also served as an advisor to LightPath in connection with the ISP acquisition, rendering a fairness opinion to the Board of Directors. BakerHostetler acted as legal advisor to LightPath. ZAG-S&W acted as legal advisor to Roth Capital Partners. KippsDeSanto & Co. acted as financial advisor and Blank Rome LLP acted as legal advisor to ISP in connection with the transaction.

Commenting on today's completed transactions, Jim Gaynor, President and Chief Executive Officer of LightPath, said, "We are excited to have consummated the acquisition of ISP Optics Corporation as planned and welcome ISP employees to the expanding global LightPath team. This transformative acquisition was made possible through a fully subscribed underwritten public offering of common stock. The offering successfully attracted to the Company numerous high quality institutional investors, in addition to personal investments from members of our executive management team and Board of Directors. The combination of LightPath and ISP positions us for continued growth with greater scale and scope to offer a comprehensive platform of visible and infrared solutions."

LightPathoptics

I don’t suspect the issue is the configuration in your case but these values can be calibrated to tune distance if required. However, I don’t think these changes will persist on Atomstack lasers.

The Company used the net proceeds from the offering for a portion of the purchase price of the acquisition of ISP payable in cash as well as to pay transaction expenses and other costs in connection with the acquisition. The balance of the cash portion of the purchase price was funded by a $5 million acquisition loan from Avidbank, which also closed today, that is payable on an interest-only basis for six months and thereafter amortized over 54 months.

Thank you for your answer, we have rechecked the belt, the tightening of the screws, etc. The distortion remains the same. For a square of 15/15 mm the distortion is 2mm on the Y axis (height) same for the circle. We will continue to find out the problem. Thanks if you have any other suggestions.

$18M deal comprised a combination of $12M cash and five-year loan notes. ORLANDO, FL--(Marketwired - Dec 21, 2016) - LightPath Technologies, Inc. ( NASDAQ : LPTH ) ("LightPath," the "Company," or "we"), a leading vertically integrated global manufacturer, distributor, and integrator of proprietary optical and infrared components and high-level assemblies, today announced that it has completed the acquisition of ISP Optics Corporation ("ISP") for a purchase price of $18 million, subject to post-closing adjustments, of which $12 million was paid in cash with the balance in the form of five-year subordinated notes issued to the sellers. LightPath also announced today that simultaneous with the closing of the acquisition it has completed the previously announced underwritten public offering of 8,000,000 shares of its Class A common stock, which includes the full exercise by the underwriters of their option to purchase 1,000,000 shares of Class A common stock to cover over-allotments, at a public offering price of $1.21 per share. Members of LightPath's Board of Directors and executive management team purchased shares in the offering. Net proceeds from the sale of the Class A common stock after deducting underwriting discounts and expenses were approximately $8.85 million. The Company used the net proceeds from the offering for a portion of the purchase price of the acquisition of ISP payable in cash as well as to pay transaction expenses and other costs in connection with the acquisition. The balance of the cash portion of the purchase price was funded by a $5 million acquisition loan from Avidbank, which also closed today, that is payable on an interest-only basis for six months and thereafter amortized over 54 months. Commenting on today's completed transactions, Jim Gaynor, President and Chief Executive Officer of LightPath, said, "We are excited to have consummated the acquisition of ISP Optics Corporation as planned and welcome ISP employees to the expanding global LightPath team. This transformative acquisition was made possible through a fully subscribed underwritten public offering of common stock. The offering successfully attracted to the Company numerous high quality institutional investors, in addition to personal investments from members of our executive management team and Board of Directors. The combination of LightPath and ISP positions us for continued growth with greater scale and scope to offer a comprehensive platform of visible and infrared solutions." Roth Capital Partners acted as sole book-running manager and Dougherty & Company acted as co-manager for the offering. Roth Capital Partners also served as an advisor to LightPath in connection with the ISP acquisition, rendering a fairness opinion to the Board of Directors. BakerHostetler acted as legal advisor to LightPath. ZAG-S&W acted as legal advisor to Roth Capital Partners. KippsDeSanto & Co. acted as financial advisor and Blank Rome LLP acted as legal advisor to ISP in connection with the transaction. Source: LightPath TechnologiesContactvia web siteE-mail: via web siteWeb Site: www.lightpath.com

Check that your laser head moves freely and easily across all corners of the machine by hand with very light force. There should be no binding or excess force required.

LightPath also announced today that simultaneous with the closing of the acquisition it has completed the previously announced underwritten public offering of 8,000,000 shares of its Class A common stock, which includes the full exercise by the underwriters of their option to purchase 1,000,000 shares of Class A common stock to cover over-allotments, at a public offering price of $1.21 per share. Members of LightPath's Board of Directors and executive management team purchased shares in the offering. Net proceeds from the sale of the Class A common stock after deducting underwriting discounts and expenses were approximately $8.85 million.

First measure the height and width of the square and compare vs the design in LightBurn. Which dimension is off? I think you’re saying it’s Y-axis.