X0508 4 2025-12-31 false 0000889971 LIGHTPATH TECHNOLOGIES INC LPTH 0002052913 North Run Strategic Opportunities Fund I, LP 867 BOYLSTON STREET 5TH FLOOR #1361 BOSTON MA 02116 true true 0001921221 North Run - Due North Partners, LP 867 BOYLSTON STREET 5TH FLOOR #1361 BOSTON MA 02116 true Member 0001283772 NORTH RUN GP, LP 867 BOYLSTON STREET 5TH FLOOR #1361 BOSTON MA 02116 true Member 0001283773 NORTH RUN ADVISORS, LLC 867 BOYLSTON STREET 5TH FLOOR #1361 BOSTON MA 02116 true Member 0001283774 ELLIS THOMAS B 867 BOYLSTON STREET 5TH FLOOR #1361 BOSTON MA 02116 true false true false 0001283775 HAMMER TODD B 867 BOYLSTON STREET 5TH FLOOR #1361 BOSTON MA 02116 true Member 0002058718 Bosco Michael 867 BOYLSTON STREET 5TH FLOOR #1361 BOSTON MA 02116 true Member 0002058804 North Run Strategic Opportunities Fund I GP, LLC 867 BOYLSTON STREET 5TH FLOOR #1361 BOSTON MA 02116 true Member false Class A Common Stock 2026-01-05 4 X false 3499289 2.58 A 3499289 I See footnotes Class A Common Stock 2026-01-05 4 S false 770321 11.72 D 2728968 I See footnotes Convertible Promissory Note 2025-12-31 4 D false 1860465 2.15 D Class A Common Stock 1860465 0 I See footnotes Class A Common Stock Purchase Warrants (Right to Buy) 2.58 2026-01-05 4 X false 3499289 0 D 2025-02-18 2031-02-18 Class A Common Stock 3499289 0 I See footnotes On January 5, 2026, North Run Strategic Opportunities Fund I, LP exercised a warrant to purchase 3,499,289 shares of the Issuer's Class A common stock for $2.58 per share. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 770,321 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 2,728,968 shares. On February 18, 2025, the Issuer issued to North Run - Due North Partners, LP a senior secured promissory note (the "Promissory Note") with an initial principal amount of $4 million. Upon the occurrence of certain circumstances, North Run - Due North Partners, LP would receive 4,000 shares of Issuer's Series G Convertible Preferred Stock, which at issuance would be convertible into 1,860,465 shares of Common Stock. The Promissory Note became payable on March 3, 2025 and did not have an expiration date. The Promissory Note was repaid in full by the Issuer on December 31, 2025. The reported securities were directly held by North Run - Due North Partners, LP, and may have been deemed to be indirectly beneficially owned by North Run GP, LP as the general partner of North Run - Due North Partners, LP, and may have been deemed to be indirectly beneficially owned by North Run Advisors, LLC as the general partner of North Run GP, LP. The reported securities may have been deemed to be indirectly beneficially owned by Thomas B. Ellis and Todd B. Hammer as members of North Run Strategic Opportunities Fund I GP, LLC. The reported securities may also have been deemed to be indirectly beneficially owned by Thomas B. Ellis, Todd B. Hammer and Michael Bosco as limited partners of North Run - Due North Partners, LP. The reported securities are directly held by North Run Strategic Opportunities Fund I, LP, and may be deemed to be indirectly beneficially owned by North Run Strategic Opportunities Fund I GP, LLC as the general partner of North Run Strategic Opportunities Fund I, LP. The reported securities may also be deemed to be indirectly beneficially owned by Thomas B. Ellis and Todd B. Hammer as members of North Run Strategic Opportunities Fund I GP, LLC. /s/ North Run Strategic Opportunities Fund I, LP 2026-01-07 /s/ North Run - Due North Partners, LP, By Thomas B. Ellis, Member 2026-01-07 North Run GP, LP, By: /s/ Thomas B. Ellis, Member 2026-01-07 North Run Advisors, LLC, By: /s/ Thomas B. Ellis, Member 2026-01-07 /s/ Thomas B. Ellis 2026-01-07 /s/ Todd B. Hammer 2026-01-07 /s/ Michael Bosco 2026-01-07 North Run Strategic Opportunities Fund I GP, LLC, By: /s/ Thomas B. Ellis, Member 2026-01-07