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News  ›  GlobeNewswire Inc.

KALA BIO Announces Closing of $10 Million Registered Direct Offering of Common Stock Priced At-The-Market Under Nasdaq Rules

GlobeNewswire Inc. Logo GlobeNewswire Inc. By David Lazar
KALA BIO Announces Closing of $10 Million Registered Direct Offering of Common Stock Priced At-The-Market Under Nasdaq Rules

KALA BIO completed a registered direct offering of 10 million shares at $1.00 per share, raising approximately $10 million. The company plans to use the proceeds to repay debt and for general corporate purposes.

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KALA   neutral

The stock offering suggests the company is raising capital to manage financial needs, indicating a standard financing strategy without strong positive or negative implications