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NBY - NovaBay down 15% after pricing stock placement at $1
NovaBay Pharmaceuticals Inc.
NovaBay Pharmaceuticals (NBY-14.8%) is down on below-average volume on the heels of its agreement to sell ~4.2M common shares and accompanying unregistered five-year warrants to purchase up to the same number of shares at $1.15 to institutional investors at $1 per share and warrant. Closing date is August 13.
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