Lightwave Logic, Inc. Announces Pricing of $35 Million Public Offering of Common Stock

Company's total cash position expected to be approximately $70 million following closing

ENGLEWOOD, CO / ACCESS Newswire / December 15, 2025 / Lightwave Logic, Inc. (NASDAQ:LWLG) (the "Company"), 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, today announced the pricing of its underwritten public offering of 11,666,667 shares of common stock. The gross proceeds of the offering are $35 million, before deducting underwriting discounts, commissions, and offering expenses. All shares in this offering were sold by the Company. In addition, the Company has granted the underwriter a 30-day option to purchase up to an additional 1,750,000 shares to cover over-allotments, if any, at the per share public offering price, less underwriting discounts and commissions. The offering is expected to close on or about December 17, 2025, subject to the satisfaction of customary closing conditions.

The Company 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 Company does not, however, have agreements or commitments to enter into any acquisitions, mergers or investments at this time. The Company expects its total cash position to be approximately $70 million following closing and has concurrently terminated its existing equity line of credit.

"This offering underscores our recent commercial momentum and reflects the growing recognition of the role that electro-optic polymers will play in the scale-up and scale-out of AI data centers," said Yves LeMaitre, CEO of Lightwave Logic. "The additional capital will strengthen our balance sheet, allow us to accelerate commercialization timelines, and expand manufacturing capacity to drive long-term value for our customers and shareholders."

Titan Partners is acting as sole bookrunner for the offering.

The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-281059) filed with the Securities and Exchange Commission ("SEC") on July 26, 2024, and declared effective by the SEC on August 5, 2024. A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available on the SEC's website at www.sec.gov. A final prospectus supplement will be filed with the SEC. Copies of the final prospectus supplement and accompanying prospectus relating to the offering, when available, may also be obtained by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY 10007, by phone at [phone] or by email at [e-mail].