TearLab Corp. (TEAR,TLB.TO) said Tuesday that it plans to offer shares of its common stock in an underwritten public offering.
The company also expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering to cover over-allotments, if any.
The proceeds of the offering will be used for working capital and general corporate purposes.
Craig-Hallum Capital Group LLC is acting as the sole book-running manager for the offering.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.