Ocugen Announces $22.5 Million Registered Direct Offering of Common Stock

Ocugen, Inc. has closed a $22.5 million underwritten registered direct offering of common stock. The company sold 15 million shares at $1.50 per share, resulting in net proceeds of $20.85 million. The financing was led by RTW Investments with participation from new and existing investors. Ocugen plans to use the net proceeds for general corporate purposes, capital expenditures, working capital, and general and administrative expenses.