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Benzinga
Benzinga
Business
Dylan Berman

UNCOVERED: Novabay stock is trading higher wednesday what s going on - Caught on Camera

AMEX
Stock chartbenzingaai2023_stock_market_charts_on_multiple_computer_scree_03ada781-be05-460b-a6af-38988bc7658b_1

NovaBay Pharmaceuticals, Inc. (AMEX:NBY) stock is trading higher on Wednesday after the company announced it entered into a $6 million securities purchase agreement with a private investor.

What To Know: NovaBay receives $3.85 million in the first closing of a $6 million deal with investor David E. Lazar, with a second $2.15 million closing contingent on stockholder approval at the 2025 annual meeting. Lazar is appointed CEO and joins the board as part of the agreement.

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