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Oculus Innovative Sciences Closes $6M Securities Offering

Includes 2.45 million shares of Oculus common stock at a price of $2.45

Oculus Innovative Sciences has announced the closing of an offering to sell securities to selected investors, for aggregate gross proceeds of approximately $6 million.

The offering was made pursuant to a registration statement that was filed by Oculus with the Securities and Exchange Commission (the SEC), and declared effective by the SEC on July 24, 2009. The offering closed on July 30, 2009.

The securities in the offering included 2.45 million shares of Oculus common stock at a price of $2.45 and warrants to purchase 1.22 million shares of Oculus common stock at an exercise price of $3.3875 and five-year maturity. Dawson James Securities acted as exclusive placement agent for the offering.