other material
confidence high
sentiment positive
materiality 0.75
Lightwave Logic raises $35M in underwritten public offering at $3.00/share; expects ~$70M cash post-closing
Lightwave Logic, Inc.
- Offering of 11,666,667 shares at $3.00/share; gross proceeds $35M, net proceeds ~$32.8M after discounts and expenses.
- Company expects total cash position of ~$70M post-closing; concurrently terminated existing equity line of credit.
- Proceeds to accelerate commercialization, expand U.S. production capacity for AI data center applications, and for working capital.
- Underwriter warrants issued for up to 350,000 shares at $3.45/share for 5 years; over-allotment option for up to 1.75M additional shares.