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Red Flags Detected

  • Delisting (new) — The company received a Nasdaq deficiency notice for a sub-$1.00 bid price and only recently regained compliance, so delisting remains a live risk.
NASDAQ: KALA KALA BIO, Inc. 424B5

KALA BIO registers up to $250M at-the-market offering; stock at $0.78, implied market cap $278.6M

Filed July 22, 2026 · ~2 min read

Key Changes

  • high

    KALA BIO has registered an at-the-market offering of up to $250 million of common stock, with sales to be made over time at prevailing market prices.

    The Offering verify on EDGAR →
  • high

    At the assumed offering price of $0.78 per share (last reported sale price on July 17, 2026), the company would have 357,177,624 shares outstanding after the offering, implying a market capitalization of $278.6 million.

    The Offering verify on EDGAR →
  • medium

    The company intends to use net proceeds for general corporate purposes, including working capital, with no specific allocation disclosed.

    Use of Proceeds verify on EDGAR →

4 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 1, 2026 · How we verify