Oculus to raise $6 million in stock sale

<p>Oculus Innovative Sciences announced plans Wednesday to raise up to $6 million in a stock sale this week.</p><p>The Petaluma biotech company is selling up to 2.5 million shares of stock priced at $2.45 a share and warrants to purchase up to 1.2 million shares at an exercise price of $3.39 and five-year maturity.</p><p>On Tuesday, the company registered 2.9 million shares of stock that were sold to investors in February. Those shares and warrants can now be sold on the open market.</p><p>Oculus stock closed at $2.55 a share, down 2 cents on the Nasdaq exchange.</p><p>The company is developing infection-fighting products using its Microcyn technology, a super-oxidized, water-based solution.</p><p>— Press Democrat staff</p>