KALA BIO faces asset foreclosure by Oxford; CEO terminated, all staff reduced, expects delisting

KALA BIO, Inc.

Oxford Finance forecloses on all assets, swept substantially all cash; still owed ~$9.6M.
Board terminated all employees not needed for foreclosure; CEO Todd Bazemore terminated without cause but stays as director/PEO.
Company expects no distributions to stockholders or unsecured creditors after foreclosure.
Company anticipates inability to file future SEC reports and delisting from Nasdaq.

item 2.05 item 5.02 item 8.01

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company_name: KALA BIO, Inc.
filed_at: 2025-10-20T23:59:59+00:00
discovered_at: 2026-05-14T18:02:39.494949+00:00
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Source: SEC EDGAR

accession 0001104659-25-100620

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