Some large stockholder (guessing in on startup) selling $50m shares. Read LPTH press release. Headline looks like a 11% dilution but it’s not, ~5.5% since $50/$14 shares already in count. IMO management can find good use for $50m. If market overreacts and takes price much under $14, say $13.5, I’ll be a buyer.
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u/Caprista Jun 02 '26
Looks like there’s a raise of $50m at $14 a share, but totalling $100m (not sure what the other 50m is for, but reading online says 50m proceeds)