SEC Comment Letter for NovaBay Pharmaceuticals, Inc. (NBY) (CIK 0001389545) (SDEV) — Aug 28, 2015
NovaBay Pharmaceuticals, Inc. (NBY) (CIK 0001389545)
Date: Aug. 28, 2015 · CIK: 0001389545 · Accession: 0000000000-15-043452
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File numbers found in text: 001-33678
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Mail Stop 4720 August 28, 2015 Via E -mail Ramin Najafi Chief Executive Officer NovaBay Pharmaceuticals, Inc. 5980 Horton Street, Suite 550 Emeryville, California 94608 Re: NovaBay Pharmaceuticals, Inc. Preliminary Proxy Statement on Schedule 14A Filed on August 21 , 2015 File No. 001-33678 Dear Mr. Najafi : We have limited our review of your preliminary proxy statement to the issue s we have addressed in our comment s. Please respond to this letter by revising the proxy statement . Where you do not believe our comment s apply to your facts and circumstances , please tell us why in your response. After reviewing the information you provide in response to our comment s, we may have additional comments. 1. We note your statement s in Proposal 1 , “The additional shares that will be authorized if this Proposal One is approved may be used for various purposes. These purposes may include: raising capital; establishing strategic relationships with other companies; expanding our business through the acquisition of other businesses, products or technologies; and other purposes. ” Please provide proposed disclosure to be included in your definitive proxy statement describing any curr ent plans , agreements or arrangement s, whether written or oral, to issue any of the newly authorized shares that will be available if Proposal 1 is approved. If you have no such plans, agreements or arrangements please revise your disclosure to so state. 2. We note that you have left blanks in the fifth paragraph of Proposal 1 for the number of shares reserved for issuance under your equity compensation plans, shares of common stock issuable for outstanding options and warrants and the number of shares autho rized that remain available for issuance. Please provide proposed disclosure to be included in your definitive proxy statement to provide this information. Ramin Najafi NovaBay Pharmaceuticals, Inc. August 28 , 2015 Page 2 We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the fil ing to be certain that the filing includes the information the Securities Exchange Act of 1934 and all applicable Exchange Act rules require. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. In responding to our comment s, please provide a written statement from the company acknowledging that: the company is responsible for the adequacy and accuracy of the disclos ure in the filing; staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. You may contac t Johnny Gharib at (202) 551 -3170 or me at (202) 551 -3715 with any questions. Sincerely, /s/ Jeffrey P. Riedler Jeffrey P. Riedler Assistant Director Office of Healthcare and Insurance