GelTech Solutions, Inc. (OTCPK:GLTC) announced a private placement of 967,742 shares at a price of $0.155 per share for gross proceeds of $150,000 on May 30, 2019. The transaction included participation from an entity controlled by returning individual investor Warren Mosler. The company also issued 483,871 two-year warrants exercisable at $2 per share. The company issued securities pursuant to exemption provided under Section 4(a)(2) and Rule 506(b). The investor owns approximately 30% of the common stocks of the company.