Kala Bio Inc. has entered into a Securities Purchase Agreement for a private placement of preferred stock in two closings, with aggregate gross proceeds of up to $6.0 million. In the first closing, which occurred on November 24, 2025, the company issued 900,000 Series AA Preferred Shares at $2.00 per share, raising $1.8 million. The second closing will involve the issuance of 2,100,000 Series AAA Preferred Shares at $2.00 per share, for additional gross proceeds of $4.2 million. The second closing is expected to take place following stockholder approval of an increase in authorized shares of common stock and the conversion of the preferred shares, among other customary closing conditions.
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. Kala Bio 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: 0001829126-25-009432), on November 25, 2025, and is solely responsible for the information contained therein.
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