GelTech Solutions, Inc. (OTCPK:GLTC) announced a private placement of 945,776 common shares at a price of $0.1586 per share for gross proceeds of $150,000 on April 30, 2019. The transaction included participation from Michael Reger; chairman and chief executive officer of the company. The company also issued 472,888 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).