Why Did KALA BIO Shares Jump Over 22% After Hours?

Source: benzinga.com/markets/equities/25/12/49201364/why-did-kala-bio-shares-jump-over-22-after-hours

By Mohd Haider, Dec.4.2025 

KALA BIO, Inc. (NASDAQ:KALA) shares jumped 22.16% to $1.13 in after-hours trading on Wednesday.

Oxford Finance Acquires Stake

Securities and Exchange Commission filings indicate that Oxford Finance LLC acquired 1.62 million common shares, representing 16.5% ownership in the clinical-stage company. Oxford Finance, the Delaware-based lender, holds sole voting and dispositive power over all acquired shares, with no shared authority, according to the SEC documents.

According to the filings, Oxford Finance's 16.5% ownership is based on 9.82 million total shares, including 8.20 million outstanding shares as of November 18, according to the company's Form 10-Q, plus the 1.62 million shares issued to Oxford Finance.

Leadership Change

Last week, the board named investor David Lazar as Chief Executive Officer and Principal Executive Officer.

Lazar previously served as CEO of NovaBay Pharmaceuticals Inc. (NASDAQ:NBY).