Lightwave Logic Inc (LWLG)

[WhiteSahara]

The Q3 Virtual Investor Summit with Lightwave as posted by Steve Schiets has Jim Marcelli reading questions from investors to Michal Lebby. Jim Marcelli states the exact purpose of the shelf offering.

One of the questions is at 26:42.

Jim Marcelli reads:
"Can you speak about the shelf offering?

Michael why don't you take it or I can take it, its up to you."

Michael Lebby: "Why don't you take it Jim."

Jim Marcelli:

"We put a universal shelf in place so we can position the company to take the company to the next level. And that universal shelf is good for three years, its for 100 million dollars, a, we currently have cash to take us through November of 2022 but we quite frankly would like to accelerate our commercialization and that's why when we put the shelf registration in place."