Lightwave Logic Inc (LWLG)

[236T568]

So, how bad are things over at LWLG?


So bad that more than $1.0 million worth of LWLG common stock being issued to the notorious toxic funder Lincoln Park Capital as a commitment fee FOR FREE just to get started in the toxic financing....

this is what very scammy companies with terrible business plans are forced to do since they have no other avenues of financing...

very bad




https://www.sec.gov/Archives/edgar/data/1325964/000155335017000644/lwlg_s1.htm#risk_factors

We also agreed to issue to Lincoln Park up to an aggregate of 1,000,000 shares of common stock as a fee for Lincoln Park’s commitment to purchase our shares under the Purchase Agreement. Of these commitment shares, we issued 350,000 shares upon entering into the Purchase Agreement and have subsequently issued 85,325 shares in conjunction with stock purchases by Lincoln Park. The remaining 564,675 commitment shares are issuable to Lincoln Park on a pro rata basis as additional purchases are made under the Purchase Agreement and are registered under the 2016 Registration Statement.