Item 1.01 Entry Into a Material Definitive Agreement
On
The Company is not obligated to sell any shares under the Sales Agreement.
Subject to the terms and conditions of the Sales Agreement, A.G.P. will use
commercially reasonable efforts consistent with its normal trading and sales
practices, applicable state and federal law, rules and regulations and the rules
of The Nasdaq Capital Market ("Nasdaq") to sell shares from time to time based
upon the Company's instructions, including any price, time, or size limits
specified by the Company. Upon delivery of a placement notice, and subject to
the Company's instructions in that notice, and the terms and conditions of the
Sales Agreement generally, A.G.P. may sell the shares of Common Stock by any
method permitted by law deemed to be an "at the market offering" as defined by
Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended.
A.G.P.'s obligations to sell shares under the Sales Agreement are subject to
satisfaction of certain conditions, including the effectiveness of the
registration statement on Form S-3 (the "Registration Statement") filed by the
Company with the
Shares of Common Stock will be offered and sold pursuant to the Registration
Statement and the base prospectus and prospectus supplement related to the Sales
Agreement that forms a part of such Registration Statement, following such time
as the Registration Statement is declared effective by the
The foregoing summary of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Sales Agreement, which is attached as an exhibit to the Registration Statement and incorporated by reference into this Item 1.01.
This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy any shares under the Sales Agreement, nor shall there be any sale of such shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description
10.1* Sales Agreement, datedFebruary 15, 2022 , by and betweenLightPath Technologies, Inc. and A.G.P./Alliance Global Partners . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
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