other_material
confidence high
sentiment positive
materiality 0.70
KALA BIO settles $10.6M Oxford debt for $2M; issues 4.6M shares to settle claims
KALA BIO, Inc.
- Paid $2M to Oxford Finance, settling ~$10.6M debt obligations in full; debt overhang removed.
- Issued 900,000 shares to Baker Bros. to resolve participation rights claims under prior financing.
- Issued 2,200,000 shares to LifeSci Capital for unpaid financial advisory services.
- Issued 1,100,000 shares to Delaware IR to settle $600,000 consulting fee; make-whole provision.
- Total 4,600,000 shares issued in private, unregistered transactions (incl. 400,000 to employees).