The researchers named the new species Etmopterus benchleyi, after Peter Benchley, the author of the book "Jaws" and co-author of its 1975 film adaptation.
With the help of a group of high school students, the researchers came up with the common name "ninja lanternshark" for the species.
Nearly 40 other species of lanternsharks, which are marine predators with the ability to glow, live in oceans around the world, including the Indian, Atlantic and Pacific oceans, said lead author Vicky Vasquez, a graduate student at the Pacific Shark Research Centre in California.
In 2010, researchers observed eight lanternshark species swimming at depths ranging from 0.8 to 1.4 kilometres under the surface.
More From This Section
After a thorough analysis of the traits of the species they concluded that the sharks indeed came from a new species of lanternshark.
The new species had a uniform dark-black colouring, as opposed to the greys and browns seen on other lanternsharks, Vasquez told the 'Live Science'.
It also had a different number and distribution of photophores, which are the tiny cup-shaped organs that give lanternsharks the ability to glow.
Researchers have yet to see the new shark actually glow, but it likely gives off a blue light, like its lanternshark relatives, she said.
It is unclear why lanternsharks glow, but it is possible that the glowing photophores on the animals' stomachs mask their shadows, allowing them to "hide" from animals swimming below them.
But it could also be that their glowing lights lure prey, such as smaller fish and crustaceans, towards the sharks, or serve as a means of communication, the researchers said.