Lightwave Logic in Longmont raises $2 million in new funding

LONGMONT — Lightwave Logic Inc. (OTCQB: LWLG) has raised $2 million in new equity funding, according to a Securities and Exchange Commission filing made this week.

Tom Zelibor, chief executive of Longmont-based Lightwave, couldn’t be reached for comment Thursday.

The new funding comes from a total of 24 investors, the filing notes. It follows a $2 million private-placement offering completed by the company in June that was slated to go toward research and development and working capital.

SPONSORED CONTENT

Empowering communities

Rocky Mountain Health Plans (RMHP), part of the UnitedHealthcare family, has pledged its commitment to uplift these communities through substantial investments in organizations addressing the distinct needs of our communities.

Lightwave is a development-stage company working to create organic polymer materials that would speed up the transfer of data in optical-computing devices. The company moved its headquarters last year from Delaware to Longmont, though it still maintains a small office in Delaware. Lightwave also earlier this year opened a clean room at its local facility at 1831 Lefthand Circle.