Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



TearLab Floats New Stock Issue

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

TearLab (NASDAQOTH: TEUFF  ) is looking to widen its capital base by more than $32 million in an underwritten public offering of its common stock. The company is floating 2.6 million shares at a price of $13.50 apiece. Additionally, the company's underwriters have been granted a 30-day purchase option for up to an additional 15% of the total number of shares to cover overallotments.

TearLab said it plans to use the estimated net proceeds of $32.6 million for "commercialization of its products, research and development, working capital and other general corporate purposes."

The joint book-running managers of the issue are Canacord Genuity and Craig-Hallum Capital Group. TearLab expects that the offering will close on or about July 30. 

At the moment, TearLab has just under 29 million shares outstanding, and its stock trades at $13.87 per share.

Read/Post Comments (2) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2560358, ~/Articles/ArticleHandler.aspx, 11/26/2015 9:25:47 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

Today's Market

updated 11 hours ago Sponsored by:
DOW 17,813.39 1.20 0.00%
S&P 500 2,088.87 -0.27 0.00%
NASD 5,116.14 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/25/2015 3:55 PM
TEUFF $0.16 Up +0.00 +0.00%
Box Ships CAPS Rating: ***