Lightwave Logic Inc SEC Filings

Bank of Montreal is offering US$435,000 of Senior Medium-Term Digital Return Notes, Series K, linked to FedEx Corporation (FDX) common stock. The three-year notes (Pricing Date : 30 Jun 2025; Maturity : 03 Jul 2028) pay a single 26.00% digital return if FDX’s closing price on the Valuation Date is at least equal to the Initial Level of $227.31. Should the Final Level fall below the Initial Level, investors receive only principal, resulting in a 0% return. There is no participation above 26% and the notes bear no periodic interest.

Key economic terms include: Digital Barrier = 100% of Initial Level; minimum denomination = $1,000; CUSIP 06376EHA3. The notes are unsecured, unsubordinated obligations of Bank of Montreal and are subject to issuer credit risk. They will not be listed, and any liquidity will rely on BMO Capital Markets Corp. acting as a market-maker. Issue price equals 100%, with a 0.75% selling commission; the estimated initial value is $986.68 per $1,000, reflecting embedded dealer compensation and hedging costs.

The filing highlights material risks: upside capped at 26%, potential under-performance versus conventional bonds, lack of dividends, secondary-market uncertainty, conflicts of interest in the calculation agent role, and complex U.S. tax treatment as contingent payment debt instruments. The product may appeal to investors seeking principal preservation plus a defined payoff contingent on non-negative FDX performance, but it sacrifices income and exposes holders to both FedEx share volatility and Bank of Montreal’s credit profile.

Form 4 filing overview (ZSPC): Director Pankaj Gupta reported the vesting and automatic conversion of 6,720 Restricted Stock Units (RSUs) into an equal number of shares of zSpace, Inc. common stock on July 1, 2025. The transaction is coded “M,” indicating a tax-free, cost-free conversion; the reported price is $0.00.

Following the conversion, Gupta now holds 6,720 shares directly. Table II shows he still beneficially owns 6,721 RSUs, which remain un-converted. The RSUs were originally granted on April 1, 2025 under the company’s 2024 Equity Incentive Plan and the board’s annual compensation policy.

The filing represents a routine equity award vesting rather than an open-market purchase or sale, and therefore carries limited immediate valuation impact. However, it marginally increases insider equity alignment with shareholders.

Lightwave Logic, Inc. (LWLG) Form 4 filing: Director Craig Ciesla was granted 80,645 restricted stock units (RSUs) on 06/30/2025 under the company’s 2025 Equity Incentive Plan at $0.00 exercise price. The award vests in four tranches: 20,162 RSUs on 07/15/2025 and 20,161 RSUs on each of 09/30/2025, 12/31/2025 and 03/31/2026, contingent on continued service. Following the grant, Ciesla’s total beneficial ownership equals 80,645 RSUs, all held directly. No common shares were sold or disposed of, so the filing signals no insider selling pressure. While the grant is non-cash and non-dilutive until vested and settled, the shares will add modest dilution when they convert to common stock.

Breeze Holdings Acquisition Corp. (BRZH) disclosed the results of its 26 June 2025 Special Meeting of Stockholders via Form 8-K.

Voting participation: 3,179,582 shares (93.2 % of the 3,412,103 shares eligible) were represented. All three proposals passed with overwhelming support (≈99.97 % votes in favor for Proposals 1 & 2).

Key approvals

• Proposal 1: Amended the company’s certificate of incorporation to allow the Board to extend the SPAC deadline monthly, up to 26 September 2025.
• Proposal 2: Amended the Investment Management Trust Agreement to implement the extension terms.
• Proposal 3: Gave the Board discretionary authority to adjourn the meeting if additional proxy solicitation was required.

Redemptions & capital position: 47,690 public shares were redeemed. Post-meeting share count is 3,364,413, of which only 224,413 are public shares. Approximately $2.75 million remains in the trust account.

Forward timeline & liquidation language: If no business combination closes by 26 September 2025 (or a subsequent stockholder-approved extension), the SPAC will wind up, redeem remaining public shares for the trust balance (net of up to $100k dissolution costs) and liquidate.

An executed Seventh Amendment to the Amended and Restated Certificate of Incorporation was filed with the State of Delaware and is attached as Exhibit 3.1.

Lightwave Logic, Inc. (LWLG) – Form 4 insider activity

CFO/COO and Director James S. Marcelli disclosed two same-day transactions dated 17 June 2025 that altered his equity position:

• Option exercise (Code M): Marcelli exercised 1,150,000 employee stock options at an exercise price of $0.70, temporarily increasing his common-stock holdings to 1,439,700 shares.
• Share withholding (Code F): The issuer withheld 800,762 shares (valued at $1.27 per share) to cover the option-exercise price and associated tax obligations. This reduced Marcelli’s directly held shares to 638,938.

Residual positions:

• Common stock: 638,938 shares held directly after the transactions.
• Derivatives: 792,336 stock options still outstanding following the partial exercise; the exercised tranche originated from a 1 July 2015 grant.

This filing reflects a cashless/net-settled option exercise rather than an open-market sale. The net result is an incremental issuance of 349,238 shares to the executive, signalling retention of a meaningful equity stake while satisfying tax and exercise obligations internally. No new information on operational or financial performance is provided.