Nov. 26 at 11:48 AM
$KALA Key recent updates:
*On November 21, 2025, the board terminated CFO Mary Reumuth without cause and made other executive/board changes, including appointing turnaround specialist David Lazar as the new CEO—known for his involvement in reverse mergers and stock revivals (e.g.,
$NBY's run from
$0.60 to
$4.00 after his appointment).
*On November 24, 2025, KALA announced a private placement raising
$1.8 million in Series F Preferred Stock, with potential for more by March 2026, alongside settling a loan to avert asset seizure—sparking a 38% after-hours surge.
*Nasdaq issued a deficiency notice for non-compliance with the minimum market value of listed securities rule, giving them until May 2026 to regain compliance or face delisting risks.