K&L Gates Advised Lightwave Logic, Inc. On US$35 Million Underwritten Public Offering

K&L Gates Advised Lightwave Logic, Inc. on US$35 Million Underwritten Public Offering

Global law firm K&L Gates LLP served as legal counsel to Lightwave Logic, Inc., a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, in connection with an underwritten public offering of its common stock.

Lightwave sold 11,666,667 shares of common stock in the offering at a price of US$3.00 per share, resulting in gross proceeds of US$35 million. The common stock trades on the Nasdaq Capital Market under the ticker symbol “LWLG.”

Lightwave plans to allocate the net proceeds to accelerate its commercialization timeline, accelerate and expand U.S. production capacity to support its customers, onboard additional large scale design-ins, pursue strategic M&A opportunities or invest in complementary technologies or businesses, and for working capital and other general corporate purposes.

“This offering marks an important step in Lightwave’s commercialization journey. We were pleased to advise the company on a transaction that supports its ability to scale US production, deepen customer partnerships, and pursue strategic opportunities as demand for high performance photonics continues to grow,” said Parker.

The K&L Gates LLP deal team was led by Miami Clayton Parker (Partner), with support from Miami Erin Fogarty (Partner), Nashville Lauren Ammons (Partner), Seattle Robert Starin (Partner), and Miami Stephen Vinson (Associate).

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