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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Feb. 12, 4:38 AM

Slide #10. TearLab Corporation Secondary Offering

Company: TearLab Corporation (NASDAQ:TEAR)
Date announced: 2/1/2016
$Amount Offered: $15,000,000
Secondary Offering Details: TearLab Corporation (NASDAQ:TEAR) (TSX:TLB) ("TearLab" or "the Company") announced today its intention to offer, subject to market and other conditions, shares of its common stock in an underwritten public offering. The Company currently estimates the size of the offering at $15.0 million. In addition, TearLab intends to grant the underwriters of the offering the right for a period of 30 days to purchase up to an additional $2.25 million of shares of common stock at the public offering price, less underwriting discounts and commissions. The proceeds of the offering will be used for general corporate purposes, including commercializing our products, research and product development, capital expenditures, and working capital.

TearLab is an ophthalmic device company that is commercializing a proprietary in vitro diagnostic tear testing platform, the TearLab® test for dry eye disease, which enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film at the point-of-care. The TearLab Osmolarity System consists of the following three components: the TearLab disposable, which is a single-use microfluidic microchip; the TearLab Pen, which is a hand-held device that interfaces with the TearLab disposable; and the TearLab Reader, which is a small desktop unit that allows for the docking of the TearLab Pen and provides a quantitative reading for the operator.
Open the TEAR Page at The Online Investor »

Company Name:  TearLab Corp.
Sector:  Medical Instruments & Supplies
Number of ETFs Holding TEAR:  2
Total Market Value Held by ETFs:  $60577
Total Market Capitalization:  $22.00M
% of Market Cap. Held by ETFs:  0.28%

Open the TEAR Page at The Online Investor (in a new window) »

February 12, 2016    4:38 AM Eastern
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Strong Buy (4.00 out of 4)
83rd percentile
(ranked higher than approx. 83% of all stocks covered)
Based on Zacks ABR data;
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