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ENGLEWOOD, CO – Lightwave Logic, Inc. (NASDAQ:LWLG), a developer of advanced polymer materials for applications in photonics, currently trading at $1.04 per share with a market capitalization of $131 million, has filed a prospectus supplement with the Securities and Exchange Commission (SEC) for the registration of shares of common stock. The filing, made today, is pursuant to a purchase agreement with Lincoln Park Capital Fund, LLC, dated Monday, March 17, 2025.
The registration of shares is part of a Shelf Registration Statement on Form S-3 (File No. 333-281059) and relates to the company’s common stock, par value $0.001 per share (the "Shares"). The Shares are issuable under the terms of the Purchase Agreement with Lincoln Park Capital Fund, LLC. According to InvestingPro data, the stock has experienced significant volatility, declining 76% over the past year, though the company maintains a strong cash position with liquid assets exceeding short-term obligations.
In connection with this filing, the company’s special counsel, Snell & Wilmer, L.L.P., has provided a legal opinion regarding the Shares issuable under the Purchase Agreement. This legal opinion has been included as an exhibit in the SEC filing.
Lightwave Logic, Inc., headquartered at 369 Inverness Parkway, Suite 350, Englewood, CO 80112, operates within the Miscellaneous Plastic Products industry under the SIC code 3080. The company, incorporated in Nevada, was formerly known as Third-Order Nanotechnologies Inc. and PSI Tec Holdings Inc., with name changes occurring on March 20, 2007, and May 3, 2005, respectively.
The company’s common stock is listed on The Nasdaq Stock Market LLC under the trading symbol LWLG. As of the date of the report, Lightwave Logic has not indicated whether it qualifies as an emerging growth company as defined in applicable SEC rules.
This news is based on a press release statement and provides investors with up-to-date information on Lightwave Logic’s financial activities and regulatory compliance. The company’s contact number is (720) 340-4949 for any further inquiries. For deeper insights into Lightwave Logic’s financial health and future prospects, InvestingPro subscribers have access to 14 additional exclusive ProTips and comprehensive financial metrics.
In other recent news, Lightwave Logic, Inc. has announced an expanded technical collaboration with Polariton Technologies AG. This partnership aims to integrate Lightwave Logic’s electro-optic polymer materials with Polariton’s plasmonic circuits, potentially enhancing data transmission speeds to 400 Gb/s per lane, with future scalability to 800 Gb/s per lane. The collaboration is targeting the evolving needs of next-generation AI clusters and optical networking links, with aspirations to achieve bandwidths up to 6.4 Tb/s. Both companies are conducting extensive qualification and reliability programs to facilitate faster adoption and integration of these technologies. Additionally, Lightwave Logic disclosed the resignation of a key board member, Fred Leonberger, due to retirement, effective December 31, 2024. Leonberger has transitioned to a role on the company’s Advisory Board as of January 1, 2025. The company clarified that his resignation was not due to any disagreements with management or the Board. These recent developments reflect significant changes and strategic efforts at Lightwave Logic as it moves into the new year.
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