LightPath Technologies signed a deal on July 23, 2026 to sell 100% of its Chinese subsidiary, LightPath (Zhenjiang) Optical Instrumentation Co., Ltd., to Hengtu Optical Technology Co., Ltd., which is owned by current management and the buyer's representative. The purchase price is $4.5 million, payable over up to five years with at least $500,000 per year plus 4% annual financing interest. For the first five years after closing, the subsidiary must continue supplying LightPath at cost plus 10%, with that markup potentially rising to 30% as the buyer pays down principal early.
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