Lightwave Logic Inc (LWLG)

[Gossie]

Reassuring news from Marcelli: They just published a news message with more information about the Lincoln agreement, see below. (they must have noticed our worries here and decided to explain ;)


https://www.prnewswire.com/news-releases/lightwave-logic-announces-33-0-million-financing-agreement-with-lincoln-park-capital-fund-301395039.html

"Jim Marcelli, President and Chief Operating Officer of Lightwave Logic, commented, "While we are comfortable with our current cash position of approximately $15 million and burn rate, this financing provides additional flexibility for us as we move forward toward commercialization of our products.

"The Lincoln Park facility allows us to source capital in an opportunistic manner, in addition to our S-3 shelf registration that provides the potential for additional financing alternatives. We believe that maintaining this optionality is critical to financing the company in a way that helps to create value for our shareholders over the long-term," stated Marcelli."