Vancouver-based nLight Photonics Corp. has raised $3 million that might be tied to an acquisition.
A U.S. Securities and Exchange Commission filing made public this week indicates that the company has raised just more than $3 million and is aiming to raise another $836,312 in its current funding round. The filing offers two sentences about the purpose of the funding: "The total offering amount includes shares issued to former creditors of the company acquired by issuer. The total remaining to be sold set forth above represents shares potentially issuable upon achievement of certain milestones."
Scott Keeney, nLight's president and chief executive officer, said the company would make a statement next week.