other_material
confidence high
sentiment neutral
materiality 0.60
KALA BIO raises $10M in registered direct offering of common stock and pre-funded warrants
KALA BIO, Inc.
- Sold 900K shares and pre-funded warrants for 9.1M shares at $1.00 per share (warrants at $0.9999).
- Gross proceeds of $10M; net proceeds to be used to repay indebtedness and for general corporate purposes.
- Offering closed on December 5, 2025; H.C. Wainwright & Co. acted as exclusive placement agent.
- Placement agent fee of 8.0% of gross proceeds plus $50K legal and $15,950 clearing expenses.