NovaBay Pharmaceuticals Plunges 54% on $100M Stock Sales Agreement with Virtu Americas
ByAinvest
Tuesday, Jan 20, 2026 12:12 pm ET1min read
NBY--
NovaBay Pharmaceuticals has announced a sales agreement with Virtu Americas to sell up to $100M worth of common stock, leading to a 54% drop in the company's value on Tuesday. The agreement allows NovaBay to sell its shares through Virtu Americas' institutional brokerage firm.
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