KALA BIO (KALA) Stock Explodes on Oxford Deal and $10M Offering: What December 4, 2025 Means for Investors
KALA BIO shares jumped about 50% to $1.40 on December 4 after announcing a $10 million registered direct offering at $1.00 per share. Oxford Finance converted debt into a 16.5% equity stake, and new CEO David Lazar invested $6 million in preferred stock. Trading volume topped 100 million shares, far exceeding the company’s roughly 8.2 million share float. The moves follow a failed drug trial and cash sweep in October.