Oculus (OCLS) Enters $2M Direct Offering
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Oculus Innovative Sciences, Inc. (Nasdaq: OCLS) has received commitments from certain institutional and accredited investors to purchase approximately $2.0 million of the Company's securities in a registered direct offering. Oculus intends to use the net proceeds from the offering for general corporate purposes including several important growth opportunities.
In the offering, Oculus intends to issue approximately 1.8 million shares of common stock at a price of $1.15 per share with no warrant coverage. The offering is expected to close on or about December 28, 2011, subject to satisfaction of customary closing conditions.
In the offering, Oculus intends to issue approximately 1.8 million shares of common stock at a price of $1.15 per share with no warrant coverage. The offering is expected to close on or about December 28, 2011, subject to satisfaction of customary closing conditions.
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