LWLG · Lightwave Logic, Inc.

The amendment to the Sales Agreement significantly expands Lightwave Logic's at-the-market equity offering capacity, enabling potential access to over $51 million in gross proceeds through share sales managed by Roth Capital Partners. This adjustment, effective April 20, 2026, replaces the prior $35 million limit and updates the agent's cash commission to a maximum of 3% of proceeds, aligning incentives for efficient execution. Accompanying the amendment, the company filed Prospectus Supplement No. 1 under its effective S-3 Registration Statement (File No. 333-281059), specifically registering up to $49,326,334 in common stock issuance. The legal opinion in Exhibit 5.1 from Snell & Wilmer L.L.P. provides investor assurance that shares issued per the agreement will be duly authorized, validly issued, fully paid, and nonassessable under Nevada law. This setup supports flexible capital raising without fixed pricing or large blocks, potentially bolstering liquidity and funding operations amid market conditions.