BTCC / BTCC Square / Global Cryptocurrency /

NovaBay Pharmaceuticals Stock Surges 103% Amid Asset Sales and Dissolution Plans

NovaBay Pharmaceuticals Stock Surges 103% Amid Asset Sales and Dissolution Plans

Author:

Global Cryptocurrency

Published:

2026-01-12 10:41:01

21

1

BTCCSquare news:

NovaBay Pharmaceuticals (NBY) shares more than doubled on Friday, closing at $19.16 with over 10 million shares traded. The dramatic MOVE followed the company's announcement of asset divestitures and a planned dissolution.

The biopharma firm sold its Avenova trademark to PRN Physician Recommended Nutriceuticals, effective January 2025, along with other intellectual property assets. NovaBay's board concluded that shareholder value WOULD be maximized through dissolution, with investors set to vote on the wind-down plan.

Trading activity turned explosive as the stock hit $20.50 in after-hours sessions, far exceeding its previous 52-week high of $11.49. The surge reflects speculative positioning around the company's remaining assets and pre-funded warrants exercisable after 2026.

By:

Fed Chair Powell Accuses Trump Administration of Political Pressure Over Interest Rates

|Square

Get the BTCC app to start your crypto journey

Download on the App Store GEI IT ON Google Play

Get started today Scan to join our 100M+ users

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2026 BTCC.com. All rights reserved

All articles reposted on this platform are sourced from public networks and are intended solely for the purpose of disseminating industry information. They do not represent any official stance of BTCC. All intellectual property rights belong to their original authors. If you believe any content infringes upon your rights or is suspected of copyright violation, please contact us at [email protected]. We will address the matter promptly and in accordance with applicable laws.BTCC makes no explicit or implied warranties regarding the accuracy, timeliness, or completeness of the republished information and assumes no direct or indirect liability for any consequences arising from reliance on such content. All materials are provided for industry research reference only and shall not be construed as investment, legal, or business advice. BTCC bears no legal responsibility for any actions taken based on the content provided herein.