Lightwave Logic Announces SEC Filing for Share Issuance Plans

ENGLEWOOD, CO – Lightwave Logic, Inc. (NASDAQ:LWLG), a developer of advanced photonic devices, has announced through a recent SEC filing that it has filed a prospectus supplement with the Securities and Exchange Commission (SEC) relating to the issuance of common stock under two separate agreements.

On Thursday, the company filed with the SEC to register shares of common stock that may be issued pursuant to a purchase agreement with Lincoln Park Capital Fund, LLC, dated February 28, 2023. The legal opinion regarding the issuance of these shares, referred to as the Purchase Shares, was provided by Snell & Wilmer, L.L.P. and is included in the filing as Exhibit 5.1.

Additionally, Lightwave Logic filed a prospectus supplement for registering shares of common stock, known as the Sales Shares, which may be issued under a sales agreement with Roth Capital Partners, LLC, dated December 9, 2022. Snell & Wilmer, L.L.P. also provided a legal opinion for the Sales Shares, and this opinion is attached to the filing as Exhibit 5.2.

These filings allow Lightwave Logic to potentially raise capital by issuing new shares, which is a common practice for companies looking to finance operations or growth initiatives. The registered shares can be offered and sold from time to time at market prices, or at negotiated prices when available.

Lightwave Logic, headquartered in Englewood, Colorado, operates within the plastic products industry, focusing on leveraging its proprietary electro-optic polymers to transmit data at higher speeds with less power.

The company's common stock is traded on The Nasdaq Stock Market LLC under the ticker symbol LWLG. The details of the share issuance plans are based on the company's SEC Form 8-K filing dated Monday, which includes further legal documentation and formal consents from the legal counsel.

In other recent news, Lightwave Logic, a developer of advanced photonic devices, has made significant strides in both its board composition and technological advancements. The company announced the appointment of Yves LeMaitre, a seasoned professional with over three decades of experience in the photonics and global information technology sectors, to its Board of Directors. This move is expected to bolster the company's strategic direction.

On the technological front, Lightwave Logic has achieved a record-breaking low drive voltage below 1V at 200Gbps PAM4 in a collaboration with Advanced Micro Foundry (AMF). This development is expected to enhance optical connectivity for AI computing clusters and foster the development of 800Gbps and 1.6T pluggable transceivers. Furthermore, the company's Perkinamine® EO polymer material demonstrated world-class performance of 437.1Gbps using a PAM8 178GBaud signal through a plasmonic Mach Zehnder modulator.

Financially, Lightwave Logic reported cash and cash equivalents of $31.5 million as of March 31, 2024, which is anticipated to fund operations through August 2025. These recent developments have positioned the company favorably for future partnerships and scaling up production. In addition, the company is focusing on securing Tier 1 material supply licensing agreements and promoting its high-speed modulators among fiber optic communication companies.

InvestingPro Insights

As Lightwave Logic, Inc. (NASDAQ:LWLG) navigates the financial landscape with its recent filings related to stock issuance, investors may find additional context in the company’s financial health and market performance useful. According to real-time data from InvestingPro, Lightwave Logic holds a market capitalization of approximately $303.6 million. Despite its impressive gross profit margin of 91.48% over the last twelve months as of Q2 2024, the company has not been profitable during this period, with an operating income margin of -25491.55%.

InvestingPro Tips highlight that Lightwave Logic is a niche player in its industry, with liquid assets that exceed short-term obligations, suggesting a degree of financial flexibility. However, analysts anticipate a sales decline in the current year, and the stock has experienced significant volatility, reflected in a price drop of 24.66% over the last month and 58.45% over the last year. The company's stock is also trading near its 52-week low, with a price that's 35.89% of the 52-week high, indicating potential undervaluation or market hesitancy.

For investors considering the long-term trajectory of Lightwave Logic, it's worth noting that the company does not pay a dividend to shareholders, which may influence investment decisions for those seeking income-generating assets. Those interested in a deeper dive into Lightwave Logic's performance and future prospects can access over 15 additional InvestingPro Tips at https://www.investing.com/pro/LWLG, providing a comprehensive analysis to inform investment strategies.

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