Lpath plans to sell its common-share units through a public offering

Company to sell shares, five-year warrants to fund corporate purposes

By Devika Patel

Knoxville, Tenn., Dec. 7 - Lpath, Inc. plans a public sale of its units, according to a form S-1 filed Wednesday with the Securities and Exchange Commission.

The units each include one common share and five-year warrants for a number of common shares.

Proceeds will be used for general corporate purposes.

San Diego-based Lpath develops therapeutic treatments for human diseases.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.