NovaBay jumps after $6 million investment, new CEO
ReutersAug 19, 2025 9:52 PM
** Shares of NovaBay Pharmaceuticals NBY.A soar 75% to $1.02 after the bell
** NBY says it has entered into a $6 million securities purchase agreement with private investor David Lazar
** Lazar has also been appointed NBY's CEO, effective immediately
** NBY says it intends to use the proceeds from the investment to pursue a strategic investment and/or an acquisition
** Company also expects to declare a special cash dividend in Q3
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