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TearLab Plans Stock Offering

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.

by RTT Staff Writer

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