Harrow Health Announces Pricing of $50 Million Offering of Senior Notes Due 2026

Health Announces Pricing of $50 Million Offering of Senior Notes Due 2026

Tenn., April 15, 2021 - Harrow Health, Inc. (NASDAQ: HROW) ("Harrow Health" or the "Company"), an ophthalmic-focused

healthcare company, today announced the pricing of its underwritten registered public offering of $50 million aggregate principal amount

of 8.625% senior notes due 2026 (the "Notes"). The Company has granted the underwriters a 30-day option to purchase an additional

$5.0 million aggregate principal amount of senior notes in connection with the offering. The offering is expected to close on April 20,

2021, subject to customary closing conditions.

Health and this issuance of notes both received a rating of "BB" from Egan-Jones Ratings Company, an independent, unaffiliated

rating agency. The Company has applied to list the notes on Nasdaq under the symbol "HROWL" and expects the notes to begin

trading within 30 business days of the closing date of the offering, if approved.

Company expects to use the net proceeds of the offering to repay outstanding borrowings of approximately $15.5 million under the Company's

term loan and security agreement with SWK Funding LLC, a subsidiary of SWK Holdings Corporation, and its partners, with the remaining

net proceeds available for general corporate purposes, including funding future strategic product acquisitions and related investments,

making capital expenditures and funding working capital.

Riley Securities, National Securities Corporation, Ladenburg Thalmann and William Blair are acting as book-running managers for this

offering. Aegis Capital Corp., Boenning & Scattergood and Maxim Group LLC are acting as co-managers.

notes will be offered under the Company's shelf registration statement on Form S-3, which was declared effective by the Securities and

Exchange Commission ("SEC") on July 13, 2020. The offering of these notes will be made only by means of a preliminary prospectus

supplement filed with the SEC on April 14, 2021 and accompanying base prospectus, and a final prospectus supplement which will be filed

of the prospectus supplement and the accompanying base prospectus may be obtained on the SEC's website at www.sec.gov, or

by contacting B. Riley Securities by phone at (703) 312-9580, or by emailing prospectuses@brileyfin.com.

press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes

in any state or jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under

the securities laws of any such state or jurisdiction.

Health, Inc. (NASDAQ: HROW) is an ophthalmic-focused healthcare company. The Company owns ImprimisRx, the nation's leading ophthalmology

outsourcing and pharmaceutical compounding business, and Visionology, a direct-to-consumer eye care subsidiary focused on chronic eye

disease. Harrow Health also holds large equity positions in Eton Pharmaceuticals, Surface Ophthalmics and Melt Pharmaceuticals, all of

which started as Harrow Health subsidiaries. Harrow Health also owns royalty rights in four clinical stage drug candidates being developed

by Surface Ophthalmics and Melt Pharmaceuticals. For more information about Harrow Health, please visit the Investors section of the

corporate website, harrowinc.com.

Announces Pricing of $50 Million Offering of Senior Notes Due 2026

press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act

of 1995. Any statements in this release that are not historical facts may be considered such "forward-looking statements."

Such forward looking statements include, but are not limited to, statements regarding the terms and conditions and timing of the senior

notes offering and the intended use of proceeds. Because these forward-looking statements involve known and unknown risks and uncertainties,

there are important factors that could cause actual results, events or developments to differ materially from those expressed or implied

by these forward-looking statements. Factors that could cause actual results to differ include (without limitation) the possibility that

the notes offering will not be consummated at the expected time, on the expected terms, or at all. Additional risks and uncertainties

are more fully described in Harrow Health's filings with the Securities and Exchange Commission, including its Annual Report on

Form 10-K for the year ended December 31, 2020. Such documents may be read free of charge on the SEC's web site at www.sec.gov.

Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required

by law, Harrow Health undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances

after the date they are made, or to reflect the occurrence of unanticipated events.

Webb, Director of Communications and Investor Relations