Lightwave Logic Inc (LWLG)

[prototype_101]

Toninio, The Company currently has a cash position of approximately $2,600,000. Based upon the current cash position and expenditures of approximately $400,000 per month, management believes the Company has sufficient funds to finance its operations through February 2018. In January 2016, the Company signed a purchase agreement (“Purchase Agreement”) with an institutional investor to sell up to $20,000,000 of common stock. A registration statement related to the transaction filed with the U.S. Securities and Exchange Commission registering 5,000,000 shares of the Company’s common stock went effective on April 7, 2016. Under the Purchase Agreement and at Company's sole discretion, the institutional investor has committed to invest up to $20,000,000 in common stock over a 36-month period. The Company has raised $3,209,950 as of June 30, 2017. The Company raised an additional $935,600 under the Purchase Agreement during July and August 2017.

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https://www.sec.gov/Archives/edgar/data/1325964/000155335017000939/lwlg_10q.htm

The expectation is for LWLG to arrange better means of financing within the next year, this would likely come in the way of a JV with a Tier 1 company