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NovaBay Stock Soars 65.67% on $6M Investment
Generated by AI AgentAinvest Pre-Market Radar
Wednesday, Aug 20, 2025 5:26 am ET1min read
Aime SummaryOn August 20, 2025, Novabay's stock surged by 65.67% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.
NovaBay Pharmaceuticals has recently entered into a $6 million securities purchase agreement with private investor David Lazar. This strategic move is aimed at securing the company's financial stability and operational efficiency. The investment, which includes convertible preferred stock, grants Lazar significant equity control, shifting the governance structure towards a CEO-led turnaround strategy.
The net proceeds from this investment will be utilized for the company's ongoing operations, including general corporate and working capital needs. This financial injection is expected to bolster NovaBay's ability to execute its strategic initiatives and drive future growth.
In conjunction with this trading surge,
has announced a pivotal partnership with Lazar, underscoring the investor's confidence in the company's potential. This partnership is seen as a critical step in NovaBay's journey towards achieving its long-term goals and enhancing shareholder value.
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