NovaBay Announces $6.86 Million “At Market” Private Placement

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NovaBay Pharma (NBY) Enters $6.86M ATM Private Placement of Stock

May 22, 2015 7:02 AM EDT

NovaBay Pharma (NYSE: NBY) entered into a securities purchase agreement for the sale of $6,863,000 of its common stock and warrants to purchase common stock in a private placement.

Investors have agreed to purchase 10,893,648 units consisting of one share of NovaBay common stock and a warrant to purchase an additional one-half share of common stock. The cost per unit is $0.63. The warrants, totaling rights to... More