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Oculus Innovative Sciences Inc Announces Closing of Public Offering of 8,625,000 Shares of Common Stock

Tuesday, 12 Mar 2013 09:01pm EDT 

Oculus Innovative Sciences Inc announced the closing of its underwritten public offering of 8,625,000 shares of common stock at an offering price of $0.40 per share, including 1,125,000 shares of its common stock to cover the over-allotment. Oculus received gross proceeds of $3.45 million. Oculus intends to use the net proceeds from this offering for the repayment of debt and for general corporate purposes. In connection with the repayment of debt, Oculus intends to retire a portion of the common stock previously issued to its lenders. Aegis Capital Corp. acted as the sole book-running manager for the offering. Dawson James Securities, Inc. acted as a co-manager for the offering. 

Company Quote

0.29 +16.38%
10:32am EDT