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TearLab plans $15 million public sale of class A units, class B units
Stock, convertible preferreds sold with warrants by H.C. Wainwright
By Devika Patel
Knoxville, Tenn., March 22 – TearLab Corp. will price a $15 million public sale of class A units and class B units, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission. The company has registered up to $15 million of underlying stock.
The class A units will consist of common stock and warrants, and the class B units will consist of series A convertible preferred stock and warrants. Each preferred is convertible into common stock.
H.C. Wainwright & Co., LLC is the agent.
Proceeds will be used for general corporate purposes.
The San Diego company develops and markets lab-on-a-chip technologies that enable eye care practitioners to test for disease markers in tears.
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