NovaBay Pharmaceuticals Sells Preferred Shares and Pre-Funded Warrants Totaling $18 Million

Reuters10-20
NovaBay Pharmaceuticals Sells Preferred Shares and Pre-Funded Warrants Totaling $18 Million

NovaBay Pharmaceuticals Inc. completed several share transactions involving R01 Fund LP and Framework Ventures IV L.P. Former CEO David Elliot Lazar sold 441,325 shares of Series D Non-Voting Convertible Preferred Stock and assigned rights to purchase 268,750 shares of Series E Non-Voting Convertible Preferred Stock to the purchasers for a total of $9,850,000, with the Series E shares priced at $2,150,000. Additionally, on October 16, 2025, NovaBay issued and sold 5,405,406 pre-funded warrants to R01 and Framework for approximately $6,000,000 at $1.10 per warrant, exercisable after January 1, 2026, subject to stockholder approval.

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