TearLab Corp. (TEAR: Quote, 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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