Deal sells 550,000 shares at $4.00; Dawson James Securities is agent
By Devika Patel
Knoxville, Tenn., Dec. 5 - Oculus Innovative Sciences, Inc. said it has arranged a $2.2 million private placement of stock. Dawson James Securities, Inc. is the agent.
The company will sell 550,000 common shares at $4.00 apiece. The price per share is a 15.61% discount to the Dec. 4 closing share price of $4.74.
Settlement is expected Dec. 9.
Proceeds will be used for working capital and general corporate purposes.
Oculus is a medical instruments company based in Petaluma, Calif., that makes tissue care products.
| Issuer: | Oculus Innovative Sciences, Inc.
|
| Issue: | Common shares
|
| Amount: | $2.2 million
|
| Shares: | 550,000
|
| Price: | $4.00
|
| Warrants: | No
|
| Agent: | Dawson James Securities, Inc.
|
| Pricing date: | Dec. 5
|
| Settlement date: | Dec. 9
|
| Stock symbol: | Nasdaq: OCLS
|
| Stock price: | $4.74 at close Dec. 4
|
| Market capitalization: | $27.9 million
|
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