Archon Capital Reports 2.04M Share Stake in LightPath Technologies
Ticker: LPTH · Form: SC 13G · Filed: Feb 13, 2024 · CIK: 889971
| Field | Detail |
|---|---|
| Company | Lightpath Technologies INC (LPTH) |
| Form Type | SC 13G |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, SC-13G, investor-activity
TL;DR
**Archon Capital just disclosed a 2.04M share stake in LightPath Technologies.**
AI Summary
Archon Capital Management LLC, a Washington-based investment firm, reported beneficial ownership of 2,045,534 shares of LightPath Technologies, Inc. common stock as of December 31, 2023. This filing, an SC 13G, indicates that Archon holds these shares with shared voting and dispositive power. This matters to investors because a significant institutional holding like this can signal confidence in the company's future, potentially influencing stock price and investor sentiment.
Why It Matters
This filing reveals a notable institutional investor's position, which can be a vote of confidence in LightPath Technologies and potentially attract other investors.
Risk Assessment
Risk Level: low — This filing indicates an institutional investment, which is generally seen as a positive or neutral event for a company.
Analyst Insight
Investors should note this institutional ownership as a potential signal of confidence, but further due diligence on LightPath Technologies' fundamentals and Archon Capital's investment strategy is recommended before making investment decisions.
Key Numbers
- 2,045,534 — Shares Beneficially Owned (Aggregate amount of LightPath Technologies common stock owned by Archon Capital Management LLC)
- December 31, 2023 — Date of Event (The date that triggered the SC 13G filing requirement)
- 532257805 — CUSIP Number (Unique identification number for LightPath Technologies' common stock)
Key Players & Entities
- Archon Capital Management LLC (company) — reporting person, investment firm
- LightPath Technologies, Inc. (company) — subject company, issuer of securities
- Washington (person) — place of organization for Archon Capital Management LLC
- Orlando, FL (person) — business address for LightPath Technologies Inc.
Forward-Looking Statements
- Other institutional investors may take notice of Archon Capital Management LLC's position and potentially initiate or increase their own stakes in LightPath Technologies, Inc. (LightPath Technologies, Inc.) — medium confidence, target: Next 6-12 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Archon Capital Management LLC, as stated in the 'NAME OF REPORTING PERSONS' section of the filing.
What is the subject company of this filing?
The subject company is LightPath Technologies, Inc., as indicated under 'Name of Issuer' and 'COMPANY CONFORMED NAME' in the filing.
How many shares of LightPath Technologies, Inc. does Archon Capital Management LLC beneficially own?
Archon Capital Management LLC beneficially owns 2,045,534 shares of LightPath Technologies, Inc., as reported in 'AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON' (Row 9).
What type of voting and dispositive power does Archon Capital Management LLC have over these shares?
Archon Capital Management LLC has shared voting power of 2,045,534 shares and shared dispositive power of 2,045,534 shares, as detailed in Rows 6 and 8 of the filing.
What was the date of the event that required this SC 13G filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
Filing Stats: 1,730 words · 7 min read · ~6 pages · Grade level 9.1 · Accepted 2024-02-13 11:23:11
Key Financial Figures
- $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class o
Filing Documents
- d10972489_13-g.htm (SC 13G) — 94KB
- 0000919574-24-000926.txt ( ) — 95KB
From the Filing
SC 13G 1 d10972489_13-g.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* LightPath Technologies, Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of Securities) 532257805 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) __________ *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes) CUSIP No 532257805 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Archon Capital Management LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Washington NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 2,045,534 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,045,534 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,045,534 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.45% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO, IA CUSIP No 532257805 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Constantinos Christofilis 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [_] (b) [_] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 2,045,534 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 2,045,534 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,045,534 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.45% 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN, HC CUSIP No 532257805 Item 1. (a). Name of Issuer: LightPath Technologies, Inc. (b). Address of issuer's principal executive offices: 2603 Challenger Tech Ct. Suite 100 Orlando, Florida 32826 Item 2. (a). Name of person filing: Archon Capital Management LLC Constantinos Christofilis (b). Address of principal business office, or if none, residence: Archon Capital Management LLC 1100 19 th Avenue E Seattle, Washington 98112 Constantinos Christofilis c/o Archon Capital Management LLC 1100 19 th Avenue E Seattle, Washington 98112 (c). Citizenship: Archon Capital Management LLC – Washington Constantinos Christofilis – United States (d). Title of class of securities: Common Stock, $0.01 par value per share (e). CUSIP No.: 532257805 Item 3. If this Statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a (a) [_] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c). (b) [_] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [_] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [_] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (i) [_] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [_] A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); (k) [_] Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: Ite