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Why Did Novabay Stock Soar 56.84%?
Generated by AI AgentAinvest Pre-Market Radar
Wednesday, Aug 27, 2025 4:24 am ET1min read
Aime SummaryOn August 27, 2025, Novabay's stock surged by 56.84% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.
NovaBay Pharmaceuticals has declared a one-time special cash dividend of $0.80 per share, payable on September 29, 2025. This dividend is a strategic move by the company to return value to its stockholders, reflecting its commitment to enhancing shareholder value. The dividend will be paid to stockholders of record as of the close of business on September 15, 2025.
The company's CEO, David Lazar, expressed excitement about the future prospects of
, highlighting the exploration of several strategic alternatives. This announcement has been well-received by the market, contributing to the significant pre-market surge in the stock price.Due to the substantial nature of the dividend, representing more than 25% of the company's common stock price, NYSE American has advised that the stock will trade with "due bills" from September 15, 2025, through September 29, 2025. This period is known as the "Dividend Right Period," during which stockholders who sell their shares will be selling their right to the special dividend and will not be entitled to receive it on September 29, 2025.
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