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KALA BIO Raises $10M in Direct Offering

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KALA BIO Raises $10M in Direct Offering

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KALA BIO ( (KALA) ) just unveiled an announcement.

On December 4, 2025, KALA BIO, Inc. entered into a securities purchase agreement with an institutional investor to issue and sell 900,000 shares of common stock and pre-funded warrants for up to 9,100,000 shares, raising $10 million in a registered direct offering. The offering closed on December 5, 2025, with H.C. Wainwright & Co. as the exclusive placement agent. The company plans to use the net proceeds for debt repayment and general corporate purposes. The agreement includes restrictions on further issuance of common stock for a specified period, impacting KALA’s financial strategy and market operations.

The most recent analyst rating on (KALA) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on KALA BIO stock, see the KALA Stock Forecast page.

Spark’s Take on KALA Stock

According to Spark, TipRanks’ AI Analyst, KALA is a Underperform.

Kala Pharmaceuticals faces significant financial difficulties, marked by declining revenues and heavy reliance on debt, which pose serious risks. The technical analysis reflects a strong downtrend, with the stock being oversold, adding to the negative outlook. Valuation is unattractive due to negative earnings and the lack of a dividend, further weighing down the stock’s appeal.

To see Spark’s full report on KALA stock, click here.

More about KALA BIO

KALA BIO, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative therapies for rare and severe eye diseases. The company utilizes its proprietary mesenchymal stem cell secretome (MSC-S) platform for biologics-based investigational therapies. Its lead product candidate, KPI-012, is designed for treating persistent corneal epithelial defect (PCED) and has received Orphan Drug and Fast Track designations from the U.S. FDA.

Average Trading Volume: 7,484,596

Technical Sentiment Signal: Sell

Current Market Cap: $7.91M

For detailed information about KALA stock, go to TipRanks’ Stock Analysis page.

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