Ocugen (OCGN) filed a registration statement Friday for the sale of up to 57.5 million shares by selling stockholders.
The prospectus includes 56.5 million common shares issuable on conversion of notes for up to $6 million outstanding principal amount of notes and 1.1 million shares issued to lenders in a private placement, the company added.
Ocugen said it will not receive any proceeds from the sale of shares by selling stockholders.
Shares were up nearly 2% in recent after-hours activity.
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