KALA BIO (KALA) said Friday it has closed its registered direct offering of 10 million shares at $1.00 per share, raising about $10 million.
Investors could also buy pre-funded warrants in lieu, the company said.
KALA BIO said it plans to use the net proceeds to repay debt and for general corporate purposes.
Shares of KALA BIO fell over 5% in recent trading.
Price: 0.91, Change: -0.05, Percent Change: -5.29
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