What Sparked KALA BIO's Nearly 38% Surge Overnight? - NovaBay Pharmaceuticals (AMEX:NBY), Kala Bio (NASDAQ:KALA)

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 DetailsLast 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 fil ...