Report by Short Selling Firm Contains False
and Misleading Statements; Management stands by all past
statements contained in its press releases, investor presentations
and filings with the U.S. Securities and Exchange
Commission
ENGLEWOOD, Colo., June 7, 2022
/PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology
platform company leveraging its proprietary electro-optic (EO)
polymers to transmit data at higher speeds with less
power, today provided a response to a report issued by short
selling firm Kerrisdale Capital about Lightwave Logic that the
Company believes contains statements that are false and
misleading.
By its own admission, Kerrisdale Capital does not stand by the
accuracy, timeliness, or completeness of its misleading report. At
the time of the misleading report's publication, Kerrisdale Capital
declared that it held short positions and put options on Lightwave
Logic's common stock. The misleading report is not an independent
and disinterested report, its primary purpose is to devalue the
Company's stock price in order for the short selling firm to profit
at the expense of Lightwave Logic's shareholders.
Lightwave Logic stands by all past statements contained in its
press releases, investor presentations and filings with the U.S.
Securities and Exchange Commission as it continues on its path to
revenue. Lightwave Logic continues to expand its activities and
operations with the objective of commercializing its electro-optic
polymer technology, and it continues to focus on creating value for
its shareholders.
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) is developing a platform
leveraging its proprietary engineered electro-optic (EO) polymers
to transmit data at higher speeds with less power. The company's
high-activity and high-stability organic polymers allow Lightwave
Logic to create next-generation photonic EO devices, which convert
data from electrical signals into optical signals, for applications
in data communications and telecommunications markets. For more
information, please visit the Company's website
at lightwavelogic.com.
Safe Harbor Statement
The information posted in this release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by use of the words "may," "will," "should," "plans,"
"explores," "expects," "anticipates," "continue," "estimate,"
"project," "intend," and similar expressions. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those projected or anticipated.
These risks and uncertainties include, but are not limited to, lack
of available funding; general economic and business conditions;
competition from third parties; intellectual property rights of
third parties; regulatory constraints; changes in technology and
methods of marketing; delays in completing various engineering and
manufacturing programs; changes in customer order patterns; changes
in product mix; success in technological advances and delivering
technological innovations; shortages in components; production
delays due to performance quality issues with outsourced
components; those events and factors described by us in Item 1.A
"Risk Factors" in our most recent Form 10-K and Form 10-Q; other
risks to which our company is subject; other factors beyond the
company's control.
Investor Relations Contact:
Lucas A. Zimmerman
MZ Group - MZ North America
949-259-4987
LWLG@mzgroup.us
www.mzgroup.us
View original content to download
multimedia:https://www.prnewswire.com/news-releases/lightwave-logic-responds-to-short-selling-firms-report-301562879.html
SOURCE Lightwave Logic, Inc.