NovaBay Pharmaceuticals Enters Into $6 Million Securities Purchase Agreement with Investor David E. Lazar
1. NovaBay secured a $6 million investment to sustain operations. 2. David E. Lazar becomes the new CEO following the investment. 3. Investment prevents potential liquidation and allows continued trading. 4. NovaBay plans for a strategic investment or acquisition using funds. 5. A special cash dividend is anticipated for stockholders in Q3 2025.