UPDATE: TearLab Corporation Announces Proposed Public Offering of Common Stock

TearLab Corporation (Nasdaq: TEAR) today announced its intention to offer, subject to market and other conditions, shares of its common stock in an underwritten public offering. TearLab also expects to grant the underwriter a 30-day option to purchase up to an additional 15 percent of the shares of common stock offered in the public offering to cover over-allotments, if any. The proceeds of the offering will be used for working capital and general corporate purposes.

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