KALA BIO enters $6M private placement, resolves Oxford default, appoints David Lazar as CEO

KALA BIO, Inc.

First closing raised $1.8M from 900k Series AA preferred shares at $2/share; second closing up to $4.2M subject to stockholder approval.
Oxford loan settlement: $2M cash and 1.62M common shares reduce loan by $7M; $1M initial cash due by Jan 15, 2026 or stockholder meeting.
David Lazar appointed CEO and board chair; Mary Reumuth terminated as CFO; Gregory Perry resigns from board.
Company terminated all remaining employees in October after Oxford foreclosure; now resumes operations with limited cash from placement.
Stockholder meeting required before March 31, 2026 to approve share increase and conversion of preferred shares.

item 1.01 item 1.02 item 2.03 item 3.02 item 5.03 item 5.02 item 9.01

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