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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.