NovaBay Pharmaceuticals Inc New (NBY) News

NBY...................................https://stockcharts.com/h-sc/ui?s=NBY&p=W&b=5&g=0&id=p86431144783

NBY.............................https://stockcharts.com/h-sc/ui?s=NBY&p=W&b=5&g=0&id=p86431144783

NBY news .77 + 20%

....On January 3, 2025, NovaBay Pharmaceuticals, Inc. (the “Company”) entered into a Trademark Acquisition Agreement, (the “Trademark Acquisition Agreement”), by and between the Company and Phase One Health LLC, a Tennessee limited liability company (“Phase One”), that provides for the purchase by Phase One of the Company’s wound care product trademarks NeutroPhase, PhaseOne and OmniPhase (collectively, the “Trademarks”), for a purchase price of $500,000 (the “Wound Care Transaction”). In connection with the Wound Care Transaction, the Company also entered into a Transition Services Agreement, dated January 3, 2025, by and between the Company and Phase One (the “Transition Services Agreement”), pursuant to which the Company will: (i) provide limited transition services to Phase One until January 10, 2025; (ii) sell the Company’s existing wound care inventory from an outstanding purchase order (the “Inventory”) to Phase One for an aggregate payment of $126,000; and (iii) provide its remaining empty wound care product bottles to Phase One. In addition, the Transition Services Agreement provides that the existing supplier and distributor relationship between the Company and PhaseOne will be terminated upon the closing of the Wound Care Transaction.
 
As previously disclosed, the Company entered into a separate agreement to sell the Company’s eyecare products under the Avenova brand and related assets, which represents substantially all of the assets of the Company, pursuant to the Asset Purchase Agreement dated September 19, 2024, by and between the Company and PRN Physician Recommended Nutriceuticals, LLC, a Delaware limited liability company (“PRN”), as amended on November 5, 2024 by that certain Amendment No. 1 to Asset Purchase Agreement (the “Asset Sale Transaction”), which remains subject to stockholder approval. The Trademarks sold pursuant to the Trademark Acquisition Agreement and the Inventory sold pursuant to the Transition Services Agreement were assets of the Company’s wound care business that were excluded from the Asset Sale Transaction.
 
Additional information regarding the Asset Sale Transaction is included in the Current Reports on Form 8-K that were filed by the Company with the Securities and Exchange Commission (the “SEC”) on September 20, 2024 and November 6, 2024 and in the Company’s definitive proxy statement on Schedule 14A for the Special Meeting filed with the SEC on October 16, 2024 (the “Special Meeting Proxy Statement”), as supplemented from time to time, including by the supplement to the Special Meeting Proxy Statement dated as of November 12, 2024 (the “Proxy Supplement”).
 
The Trademark Acquisition Agreement contains representations, warranties and agreements of the parties that are customary for a transaction of this nature. The Company also agreed to provide limited indemnification to Phase One under the Trademark Acquisition Agreement for losses arising from a third-party claim involving a material breach or nonperformance of representations, warranties, covenants, agreements and obligations of the Company contained in the Trademark Acquisition Agreement. The Company’s liability for any such losses is limited to 50% of the purchase price for the Trademarks.
 
The foregoing description of the Trademark Acquisition Agreement and the Transition Services Agreement contains only a brief description of the material terms and does not purport to be a complete description of the rights and obligations of the parties to the Trademark Acquisition Agreement and the Transition Services Agreement, and such description is qualified in its entirety by reference to the full text of the Trademark Acquisition Agreement and the Transition Services Agreement, copies of which are filed as Exhibits 2.1 and 10.1 to this Current Report on Form 8-K and incorporated herein by reference....
 

It looks like they are going to dissolve the company and sell off the assets. Sound like a Chap 7. Wonder if there will be anything left for the shareholders.

Completely incompetent management. Could never turn a profit, so let's sell. The brand, pay off debts / management, and give stockholders a few pennies for their trouble. Management makes and break companies. And these guys are breakers. 

NBY..................................https://stockcharts.com/h-sc/ui?s=NBY&p=W&b=5&g=0&id=p86431144783

Quietly rising

Added more

#NBY 🔥 big gap upside! can it break $1 and move 50% another up? $NBY

Back to .77

NBY 1.02 + 102% still going energizer bunny

BLUE BELL, Pa., Sept. 20, 2024 /PRNewswire/ -- Acumen Health Holdings, LLC, a professionally recommended, consumer-preferred dietary supplements company focused on eye health and companion animals, announced today that its subsidiary, PRN Physician Recommended Nutriceuticals, LLC, has entered into a definitive asset purchase agreement to acquire the assets of the Avenova® brand (the "Brand") and business from NovaBay® Pharmaceuticals, Inc. (NYSE American: NBY) ("NovaBay"). The Brand offers several products for ocular health including cleansing sprays, absorbent wipes, and heated eye masks. The Brand's leading product, the Avenova® Lid & Lash Cleansing Spray, is a hypochlorous acid spray utilized to promote eye hygiene. Avenova® products are sold through the direct-to-consumer, professional, and retail pharmacy channels. The transaction is anticipated to close in the fourth quarter of 2024, subject to the satisfaction of customary closing conditions.

Acumen Health Holdings

The acquisition of the Brand will bolster PRN's existing portfolio and strengthen PRN's commitment to deliver high-quality products that have a meaningful impact on patients' eye health. PRN will leverage their existing sales force and relationships with optometrists and ophthalmologists to expand access and awareness of Avenova® products.

"The Brand pioneered the use of hypochlorous acid in eyecare and has a long history of success in the professional channel," said Scott Woodruff, CEO of Acumen Health Holdings. "This exciting acquisition broadens PRN's existing eye health product portfolio and allows PRN to better serve patients through offering an expanded suite of science-based eye health products."

The deal builds on PRN's strategy to grow its presence in the eye health market organically and through acquisitions. Avenova® will represent the sixth add-on acquisition completed by PRN in the past 5 years.

Please see the NovaBay® Pharmaceuticals, Inc. (NYSE American: NBY) press release for information regarding their go-forward plans following this transaction.

Alex Putala
(920) 255-4972
960 Harvest Drive, Suite B250
Blue Bell, PA 19422

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/acumen-health-holdings-acumen-to-acquire-the-avenova-brand-from-novabay-pharmaceuticals-302253803.html

SOURCE Acumen Health Holdings

Pump me up

A couple Pennie’s a day keeps the bill collectors away……lol.

$$ NBY $$

Looks like good old NovaBay is reawakening……how nice !

$$ NBY $$

Up, up and away ??

NBY new 52 week low

Why? Because you think it stopped dropping?

Looks like the time to buy is upon us ?

NBY new 52 week low

NBY new 52 week low

You were right about the no brain part. Shareholders destroyed.

NBY new 52 week low

No brainer continued gainer, in my modest opinion !!

$$ NBY $$

When

Wow

So, I shouldn't buy? ....Thanks!!!

I was gonna buy today this is why I dont like to hold this thing overnight LOL

Thank you for mentioning RS. I was about to load up. Maybe I will after the 30th.

RS

See you in post market for the spike!

Go NBY go.

$NBY send it!

$NBY all we need is a little bit of news and this should skyrocket! Let’s go!

now they’re toying with us.

$NBY they’re holding it down, let her rip!!!

Looking like the next $1.00+ runner

NBY..........................................https://stockcharts.com/h-sc/ui?s=NBY&p=W&b=5&g=0&id=p86431144783

$NBY

https://finviz.com/quote.ashx?t=NBY&ty=c&ta=1&p=d

https://dilutiontracker.com/app/search/NBY?a=dbb88c

Yes

Looks yummy

Good entry point here?

cheap

cheap

Fish on $$$$$$ start reeling $$$$$$$$$

News out... trading up...good potential here today

Blue Skies coming$$$$$$$$

Watch and see what happens when this blasts through.157

Sound all alarms!!!! tsunami warning!!!!

Here’s the dip!!! To the mooooooooon!!!!