VANCOUVER – California-based venture capital firm Menlo Ventures last week purchased more than 3 million shares of common stock from nLIGHT, the industrial laser manufacturing company headquartered in Vancouver. The purchase took place in a series of transactions Nov. 16, according to documents filed with the Securities and Exchange Commission.
The November exchange is the latest of several nLIGHT stock purchases that Menlo has made in the six months following nLIGHT’s initial public offering. The Vancouver laser company was founded in 2000 and went public in April.
This latest stock buy comes less than two weeks after nLIGHT posted third-quarter earnings, which showed a rise in year-over-year revenue.
