Lightwave Logic prices $35 million stock offering

Lightwave Logic Inc. (NASDAQ: LWLG) announced the pricing of an underwritten public offering of 11,666,667 shares of common stock at $35 million in gross proceeds before deducting underwriting discounts and commissions.

The electro-optic polymer technology company granted underwriters a 30-day option to purchase up to an additional 1,750,000 shares to cover over-allotments at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about December 17, 2025.

The company expects its total cash position to reach approximately $70 million following the closing and has terminated its existing equity line of credit. Lightwave Logic plans to use net proceeds to accelerate commercialization timelines, expand U.S. production capacity, onboard additional large-scale design-ins, pursue strategic mergers and acquisitions or invest in complementary technologies, and for working capital and general corporate purposes.

"This offering underscores our recent commercial momentum and reflects the growing recognition of the role that electro-optic polymers will play in the scale-up and scale-out of AI data centers," said CEO Yves LeMaitre.

Titan Partners is serving as sole bookrunner for the offering. The offering is being conducted under a shelf registration statement filed with the Securities and Exchange Commission on July 26, 2024, and declared effective on August 5, 2024.

Lightwave Logic develops electro-optic polymer technology for data transmission applications in telecommunications and artificial intelligence data centers.

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