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NBY Novabay Pharmaceuticals

Filed: 8 Feb 21, 8:22am

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of earliest event reported: February 4, 2021

 

NovaBay Pharmaceuticals, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

001-33678

68-0454536

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

 

2000 Powell Street, Suite 1150, Emeryville, CA     94608

(Address of Principal Executive Offices) (Zip Code)

 

(510) 899-8800

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class

 

Trading Symbol(s)

 

Name of Each Exchange On Which Registered

Common Stock, par value $0.01 per share

 

NBY

 

NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 1.02     Termination of a Material Definitive Agreement.

 

On February 4, 2021, NovaBay Pharmaceuticals, Inc. (the “Company”) terminated its Services Agreement, dated May 13, 2020, with TLF Bio Innovation Lab, LLC (“TLF Bio Innovation”), as amended by the First Amendment, dated September 4, 2020 (collectively, the “Agreement”), the terms of which were previously disclosed in the Company’s Current Reports on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on May 18, 2020 and September 10, 2020.

 

Pursuant to the Agreement, TLF Bio Innovation was to act as the manager for the market relaunch of the Company’s OTC product CelleRx as a lifestyle hygiene product. With the relaunch now complete, the Company will transition to other advisors who specialize in the further commercialization of the product.

 

Item 7.01     Regulation FD Disclosure.

 

On February 8, 2021, the Company issued a press release containing a letter to the Company’s stockholders with an update on the Company’s operations, including in relation to the Company’s Avenova and CelleRx Clinical Reset product lines as well as potential expansion into new product lines. This press release containing the letter to stockholders is attached as Exhibit 99.1, which is incorporated by reference.

 

The information contained in this Item 7.01 of this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The furnishing of the information in this Item 7.01 of this Current Report on Form 8-K is not intended to, and does not, constitute a representation that such furnishing is required by Regulation FD or that the information contained in this Current Report on Form 8-K constitutes material investor information that is not otherwise publicly available.

 

The SEC encourages registrants to disclose forward-looking information so that investors can better understand the future prospects of a registrant and make informed investment decisions. This Item 7.01 of the Current Report on Form 8-K and Exhibit 99.1 may contain these types of statements, which are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and which involve risks, uncertainties and reflect the Company’s judgment as of the date of this Current Report on Form 8-K. These statements are subject to inherent uncertainties and risks that could cause actual results to differ materially from those anticipated at the date of this Current Report on Form 8-K. Investors are cautioned not to rely unduly on forward-looking statements when evaluating the information presented within.

 

Item 9.01.     Financial Statements and Exhibits.

 

(d)          Exhibits.

 

 

Exhibit No.

_____________

Description

________________________________________________________

10.1

Services Agreement, dated September 4, 2020 (incorporated by reference to the Company’s Current Report on Form 8-K filed with the SEC on May 18, 2020)

  

10.2

First Amendment to Services Agreement, dated September 4, 2020 (incorporated by reference to the Company’s Current Report on Form 8-K filed with the SEC on September 10, 2020)

  
99.1Press Release, dated February 8, 2021

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

NovaBay Pharmaceuticals, Inc.

   
   
 

By:

/s/ Justin Hall

  

Justin Hall

  

Chief Executive Officer and General Counsel

 

Dated: February 8, 2021