BRIEF-NovaBay Pharmaceuticals Board Determines Unsolicited Offer Is Superior To Asset Purchase Agreement With PRN Physician Recommended Nutriceuticals, LLC

Reuters

2024-10-29

Oct 29 (Reuters) - NovaBay Pharmaceuticals Inc :

* NOVABAY PHARMACEUTICALS BOARD DETERMINES UNSOLICITED OFFER IS SUPERIOR TO ASSET PURCHASE AGREEMENT WITH PRN PHYSICIAN RECOMMENDED NUTRICEUTICALS, LLC

* NOVABAY PHARMACEUTICALS: UNDER REFRESH'S OFFER CO WOULD RECEIVE A PURCHASE PRICE OF UP TO $11.5 MILLION

* NOVABAY PHARMACEUTICALS: REFRESH'S OFFER ALSO INCLUDES REFRESH PROVIDING A SECURED TERM LOAN TO CO IN PRINCIPAL AMOUNT OF $2.0 MILLION

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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