Lightwave Logic, Inc. Increases At‑the‑Market Offering Capacity to $51.4M

What Happened
On April 20, 2026, Lightwave Logic, Inc. announced an amendment to its sales agreement with Roth Capital Partners, LLC to increase the amount of common stock that may be sold under the agreement to $51,404,500. Since entering the Sales Agreement, the company has offered and sold 8,079,319 shares for gross proceeds of approximately $35 million. The share issuances are registered under the company’s effective shelf registration statement on Form S-3 (File No. 333-281059); a prospectus supplement was filed April 21, 2026. A legal opinion from Snell & Wilmer L.L.P. related to the issuance is attached to the filing.

Key Details

• Amendment date: April 20, 2026; prospectus supplement filed April 21, 2026.
• New maximum offering capacity under the Sales Agreement: $51,404,500.
• Shares sold to date under the Sales Agreement: 8,079,319 shares for ~ $35 million gross proceeds.
• Sales agent: Roth Capital Partners, LLC; issuances registered on Form S-3 (File No. 333-281059).

Why It Matters
This amendment gives Lightwave Logic additional flexibility to raise capital quickly through an at‑the‑market (ATM) equity program. For investors, the key impacts are potential future dilution if the company sells more shares and increased cash‑raising capacity to fund operations or development. The sales are registered and accompanied by legal opinion, but the filing does not guarantee that additional shares will be sold.