---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-132308"
form_type: "8-K"
ticker: "KALA"
cik: "0001479419"
company_name: "KALA BIO, Inc."
filed_at: "2024-12-30T23:59:59+00:00"
generated_at: "2026-05-28T22:42:05.265546+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# KALA BIO raises $10.75M in private placement; cash runway into Q1 2026

## Summary
- Gross proceeds of $10.75M from 1,340,603 common shares at $6.44 and 3,286 Series I preferred shares at $644.
- Series I preferred convertible into 100 common shares per share; beneficial ownership limitation of 9.99% (up to 19.99%).
- Cash resources, including proceeds, expected to fund operations into Q1 2026; net proceeds to advance KPI-012 for PCED.
- Phase 2b CHASE trial enrollment over 80% complete; topline data expected Q2 2025.
- Participation from new and existing investors including SR One, Cormorant, Woodline.

## SEC filing metadata
- accession: 0001104659-24-132308
- form_type: 8-K
- ticker: KALA
- cik: 0001479419
- company_name: KALA BIO, Inc.
- filed_at: 2024-12-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1479419/000110465924132308/0001104659-24-132308-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1479419/000110465924132308/tm2432193d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-132308
- JSON: https://secwatch.observer/filing/0001104659-24-132308.json
- Plain text: https://secwatch.observer/filing/0001104659-24-132308.txt

## Key facts
- Governance Changes
  KALA BIO, Inc.: Filed Certificate of Designations establishing Series I Convertible Non-Redeemable Preferred Stock (effective 2024-12-30).
  - Change: charter amendment
  - Effective: 2024-12-30
  source text: On December 30, 2024 (the “Filing Date”), the Company filed a Certificate of Designations, Preferences and Rights of Series I Convertible Non-Redeemable Preferred Stock (the “Certificate of Designations”) with the Secretary of State of the State of Delaware with respect to the Series I Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1479419/000110465924132308/0001104659-24-132308-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.