secwatch.observer — SEC 8-K summary
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Issuer:     KALA BIO, Inc. (KALA)
CIK:        0001479419
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0001104659-25-095342
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

KALA BIO receives default notice from Oxford; $29.1M debt accelerated
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- Oxford Finance declared event of default under Loan Agreement citing Material Adverse Change.
- All obligations immediately due and payable; total $29.1M plus default interest and expenses.
- Default interest rate began accruing from date of default per Loan Agreement terms.
- Company previously described Loan Agreement in its Q2 2025 10-Q filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1479419/000110465925095342/0001104659-25-095342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1479419/000110465925095342/tm2527691d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-095342

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