K&L Gates Advises 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. 

The Corporate deal team was led by Miami partner Clayton Parker, with support from Miami partner Erin Fogarty, Nashville partner Lauren Ammons, Seattle partner Robert Starin, and Miami associate Stephen Vinson. 

“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.

K&L Gates’ Corporate practice is one of the most substantial in the legal industry, with hundreds of lawyers in offices across the globe providing clients with practical legal solutions in the structuring, financing, and completion of domestic, international, and cross-border transactions.