Novabay Pharmaceuticals Enters Into Agreements For A Private Placement And Warrant Reprice Transactions To Raise Up To $5.3 Million
Amount Raised
$5.3 Million
Round Type
Post-IPO Equity
West Palm BeachManufacturingBiotechnologyHealthcareHealth CareFashionBeautyPublic SafetyCosmeticsDescription
NovaBay® Pharmaceuticals, Inc. (NYSE American: NBY) (“NovaBay” or the “Company”) announces it has entered into a Securities Purchase Agreement with certain institutional investors in connection with a private placement of 3,250 shares of a newly created Series C Non-Voting Convertible Preferred Stock (the “Series C Preferred Stock”) at a price of $1,000 per share, Series A-1 warrants (the “Series A-1 Warrants”) exercisable to purchase up to an aggregate of 18,055,557 shares of Company common stock at an exercise price of $0.18 per share and Series A-2 warrants (the “Series A-2 Warrants” and, collectively with the Series A-1 Warrants, the “Warrants”) exercisable to purchase up to an aggregate of 18,055,557 shares of Company common stock at an exercise price of $0.18 per share. The Company expects to receive gross proceeds from the private placement of approximately $3.25 million. The private placement is expected to close in the fourth quarter of 2022 on or about the date of effectiveness of Stockholder Approval and the Reverse Stock Split (each as defined below) (the “Stockholder Approval Date”) and subject to satisfaction of customary closing conditions in the Securities Purchase Agreement
Quick answer
Novabay raised $5.3 Million in a Post-IPO Equity round, dated September 9, 2022. Novabay is based in West Palm Beach, Florida, United States.
- How much did Novabay raise?
- Novabay raised $5.3 Million in a Post-IPO Equity round on September 9, 2022.
- What does Novabay do?
- NovaBay Pharmaceuticals, Inc. is a biopharmaceutical company developing products for the eye care market.
- Where is Novabay based and how big is it?
- Novabay is based in West Palm Beach, Florida, United States. Fundz records about 66 employees.
- Who are the decision-makers at Novabay?
- Fundz holds 2 contacts at Novabay. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Healthcare and Fashion around the same time
Companies in the same sectors as Novabay that raised within 45 days of this round, from Fundz verified event records.
- NewcelX raised $4M (Seed) on October 7, 2022.
- Endovia Health Sciences, Inc. raised an undisclosed amount (Funding Round) on September 23, 2022.
- TransMedics Group raised $60M (Debt Financing) on September 15, 2022.
- Monteris Medical raised $14M on September 2, 2022.
- JenaValve raised $100M (Funding Round) on August 31, 2022.
- Talphera, Inc. raised $630K on August 3, 2022.
Who to call at Novabay, and when
A new round usually means Novabay is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Novabay raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Novabay, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Novabay. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Novabay raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Novabay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.