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Nov 26, 2025 12:40 AM

What Sparked KALA BIO's Nearly 38% Surge Overnight?

KALA BIO Inc. (NASDAQ:KALA) jumped 37.87% to $0.88 in after-hours trading on Tuesday.

Check out the current price of KALA stock here.

According to Benzinga Pro data, the stock closed the regular session at $0.64, up 3.45%.

Securities Purchase Agreement Details

Last week, the Massachusetts-based biopharmaceutical company entered into a Securities Purchase Agreement with investor David Lazar to raise up to $6 million through a private placement, according to a Securities and Exchange Commission (SEC) Form 8-K filing.

The first closing took place Monday, raising $1.8 million from the sale of 900,000 Series AA Preferred Shares at $2 each. A second closing, expected before March 31, 2026, would raise ...