Lightwave Logic Launches $35M Public Offering, Increasing Cash Reserves to $70M
Public Offering Details: Lightwave Logic (LWLG) has announced an underwritten public offering of 11,666,667 shares, valued at $35 million, with an option for the underwriter to purchase an additional 1.75 million shares.
Use of Proceeds: The net proceeds from the offering will be allocated to accelerate commercialization, enhance U.S. production capacity, support large-scale design-ins, and fund potential strategic mergers and acquisitions, along with general corporate purposes.
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U.S. Stock Futures: U.S. stock futures are down, with Dow futures falling approximately 0.2% on Tuesday morning.
Lightwave Logic Inc: Shares of Lightwave Logic Inc dropped 14.5% to $3.22 in pre-market trading following the announcement of a $35 million public offering.
Other Declining Stocks: Several other stocks also saw declines in pre-market trading, including Ascent Solar Technologies (-15.1%), Fractyl Health (-10.4%), and Ready Capital (-9%).
Market Overview: The overall market sentiment appears negative, with multiple companies reporting significant drops in their stock prices ahead of the trading day.

B. Riley Financial Performance: B. Riley Financial Inc reported a significant turnaround with earnings of $4.50 per share for Q2, compared to a loss of $14.35 per share a year ago, and sales increased to $225.302 million from $94.885 million, leading to a 25% rise in share price during pre-market trading.
Pre-Market Stock Movements: Several stocks experienced notable pre-market trading movements, with Biodexa Pharmaceuticals gaining 51.4% and Venus Concept surging 31.1%, while Radiopharm Theranostics saw a sharp decline of 39.8%.
Other Notable Gainers: Other stocks that rose in pre-market trading included Uniqure NV (+14.1%), Adagio Medical Holdings (+11.7%), and Sunrise New Energy (+10.5%), reflecting a mix of recovery and growth in various sectors.
Significant Losers: Stocks that faced declines included iRobot Corp, which fell 23.2% after filing for Chapter 11 bankruptcy, and Saverone 2014 Ltd, which tumbled 37.8% following a previous gain, indicating volatility in the market.

Public Offering Details: Lightwave Logic (LWLG) has announced an underwritten public offering of 11,666,667 shares, valued at $35 million, with an option for the underwriter to purchase an additional 1.75 million shares.
Use of Proceeds: The net proceeds from the offering will be allocated to accelerate commercialization, enhance U.S. production capacity, support large-scale design-ins, and fund potential strategic mergers and acquisitions, along with general corporate purposes.

Public Offering Announcement: Lightwave Logic (LWLG) is planning to offer and sell its common stock through an underwritten public offering.
Use of Proceeds: The company intends to use the net proceeds for working capital, general corporate purposes, and to potentially accelerate its commercialization timeline and U.S. production capacity.
Market Reaction: Following the announcement, LWLG's stock price fell by 11.14% in after-hours trading, reaching $3.35.
Strategic Goals: LWLG may also allocate funds towards strategic mergers and acquisitions or investments in complementary technologies and businesses.
Market Performance: Rubber and plastics shares are lagging the market, down approximately 1.8% on Monday.
Key Contributors: Loop Industries saw a significant drop of about 15.7%, while Lightwave Logic decreased by around 5.6%.
Sector Laggards: The hospital and medical practitioners sector is also mentioned as a laggard alongside rubber and plastics.
Disclaimer: The views expressed in the article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
Market Performance: Rubber and plastics shares increased by approximately 1.2%, with Lightwave Logic leading the gains at 17.2% and Goodyear Tire & Rubber up by 6.5% on Tuesday.
Sector Leaders: The video highlights Tuesday's sector leaders, focusing on Hospital & Medical Practitioners alongside Rubber & Plastics.
Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
Trading Insights: The article provides insights into the trading performance of specific companies within the rubber and plastics sector.







