By Devika Patel
Knoxville, Tenn., July 28 - Oculus Innovative Sciences, Inc. plans a $4.66 million registered direct offering of units, according to a prospectus filed Tuesday with the Securities and Exchange Commission.
The company is selling up to 1.9 million units at $2.45 apiece. Each unit consists of one common share and a half-share warrant.
Each whole warrant is exercisable at $3.3875 for five years.
Dawson James Securities is the agent.
Proceeds will be used for working capital.
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: | Units of one common share and a half-share warrant
|
| Amount: | $4,655,000
|
| Units: | 1.9 million
|
| Price: | $2.45
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $3.3875
|
| Agent: | Dawson James Securities
|
| Pricing date: | July 28
|
| Stock symbol: | Nasdaq: OCLS
|
| Stock price: | $2.82 at close July 27
|
| Market capitalization: | $53.5 million
|
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