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.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NovaBay Pharmaceuticals Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-25-008237), on October 20, 2025, and is solely responsible for the information contained therein.
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