<div id="readability-page-1"><div>** Optics and imaging systems provider LightPath Technologies' shares fall 9% to $8.29 in extended trading** LPTH kicks off public offering of common stock; size not disclosed** Canaccord Genuity and Craig-Hallum are joint bookrunners for the offering** LPTH plans to use proceeds for working capital, investments, acquisitions, and general purposes** With 45.4 million outstanding shares, LPTH has a $400.7 million market cap, per LSEG data** All four brokerages covering the stock rate it &#34;buy&#34; or higher; median PT $10.50 - data compiled by LSEG** As of last close, LPTH stock up 158.4% YTD</div></div>

LPTH

LightPath Technologies' shares dropped 9% after announcing a public offering of common stock. The proceeds will be used for working capital, investments, acquisitions, and general purposes. The offering's size is undisclosed, with Canaccord Genuity and Craig-Hallum as joint bookrunners. Despite the drop, the stock is rated "buy" by all covering brokerages, with a median price target of $10.50. The stock has risen 158.4% YTD.

LightPath Technologies slides after unveiling planned capital raise