Oculus (OCLS) Prices 7.5M Common Offering

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Oculus Innovative Sciences, Inc. (NASDAQ: OCLS) announced the pricing of an underwritten public offering of 7,500,000 shares of its common stock offered at a price to the public of $0.40 per share. The gross proceeds to Oculus from this offering are expected to be approximately $3,000,000, before deducting the underwriting discount and other estimated offering expenses payable by Oculus. Oculus Innovative Sciences has granted the underwriters a 45-day option to purchase up to an aggregate of 1,125,000 additional shares of its common stock to cover over-allotments, if any. The offering is expected to close on or about March 12, 2013, subject to customary closing conditions.

Oculus intends to use the net proceeds from the 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. is acting as the sole book-running manager for the offering. Dawson James Securities, Inc. is acting as a co-manager for the offering.

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