By Devika Patel
Knoxville, Tenn., July 29 - Oculus Innovative Sciences, Inc. said it has arranged a registered direct offering of stock for approximately $6 million.
The company will sell 2,454,000 common shares at $2.45 apiece, along with warrants for 1,227,000 shares.
The warrants are exercisable at $3.3875 for five years.
Dawson James Securities is the agent.
Settlement is expected Thursday.
Petaluma, Calif.-based Oculus develops and markets products for the prevention and elimination of infection in chronic and acute wounds.
| Issuer: | Oculus Innovative Sciences, Inc.
|
| Issue: | Common stock
|
| Amount: | $6 million
|
| Shares: | 2,454,000
|
| Price: | $2.45
|
| Warrants: | For 1,227,000 shares
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $3.3875
|
| Agent: | Dawson James Securities
|
| Pricing date: | July 29
|
| Settlement date: | July 30
|
| Stock symbol: | Nasdaq: OCLS
|
| Stock price: | $2.57 at close July 28
|
| Market capitalization: | $53.5 million
|
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