Lightwave Logic, Inc. (NASDAQ: LWLG) has announced a proposed public offering of its common stock. The company aims to offer and sell its common stock in an underwritten public offering, with the expectation of granting the underwriters an option to purchase up to an additional 15% of the common stock offered.
The net proceeds from this offering are intended for working capital and general corporate purposes. Furthermore, the company may utilize a portion of the net proceeds to accelerate its commercialization timeline, expand its U.S. production capacity, pursue strategic mergers and acquisitions, or invest in complementary technologies or businesses.
The sole bookrunner for the offering is Titan Partners, and the offering is being made in accordance with a shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) on Form S-3 (No. 333-281059), which was declared effective in August 2024.
Investors are encouraged to review the preliminary prospectus supplement, the accompanying base prospectus, and the documents incorporated by reference for comprehensive information about the company and the offering.
Lightwave Logic, Inc. is a technology platform company leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power in a compact form factor. The company's organic polymers enable the creation of next-generation photonic EO devices for applications in telecommunications and data transmission potentially used to support generative AI.
For further information about the offering, individuals can contact Ryan Coleman or Nick Teves at Alpha IR Group for Lightwave Logic at [email protected] or 312-445-2870.
This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any state or jurisdiction where such an offer, solicitation, or sale is not permitted.
As of the date of this press release, the company does not have agreements or commitments to enter into any acquisitions, mergers, or investments.
The company's latest financial metrics indicate a strategic focus on utilizing the net proceeds from the offering for potential expansion and acceleration of its commercialization timeline. Today the company's shares have moved -0.67% to a price of $2.9799. If you want to know more, read the company's complete 8-K report here.
