LightPath shares surge 16.69% intraday after acquiring Amorphous Materials, Inc.

LightPath Technologies (NASDAQ:LPTH) surged 16.69% intraday after announcing its acquisition of Amorphous Materials, Inc. on January 20, 2026, according to a PR Newswire report. This strategic acquisition, aimed at expanding its capabilities in advanced materials and infrared technologies, aligns with LightPath’s focus on U.S. defense and industrial applications. The move follows recent positive developments, including U.S. Department of Defense funding for germanium substitutes and a series of buy ratings from HC Wainwright, which reiterated confidence in the company’s growth trajectory. The sharp intraday rally reflects investor optimism over enhanced market positioning and long-term value creation through the integration of Amorphous Materials’ expertise.