UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment
No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: August 7, 2007
(Date of earliest
event reported)
OCULUS INNOVATIVE SCIENCES, INC.
(Exact name of registrant as specified in its charter)
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| Delaware
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001-33216
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68-0423298 |
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(I.R.S. Employer
Identification Number) |
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1129 N. McDowell Blvd.
Petaluma, California
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94954 |
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| (Address of principal executive offices)
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(Zip Code) |
(707) 782-0792
(Registrant’s telephone number,
including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Oculus
Innovative Sciences, inc. (the “Company”) is filing this Amendment No. 1 to its Current
Report on From 8-K filed with the Securities and Exchange Commission on August 13, 2007 (the “Form
8-K”) to correct certain information set forth in Item 3.02 and, by incorporation by reference, Item
1.01, by amending and restating the disclosure set forth therein.
This Amendment No. 1 also adds certain related
information set forth in Items 2.04 and 3.02 below.
Item 1.01. Entry into a Material Definitive Agreement.
The information set forth under Item 3.02 of this current report on Form 8-K is hereby incorporated
by reference into this Item 1.01.
Item 2.04. Triggering Events that Accelerate or Increase a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement.
On August 13, 2007, Oculus Innovative Sciences, Inc. (the “Company”) completed a private placement
of its securities. As a result of the closing of the private placement, the Company became
obligated to promptly repay outstanding amounts under its loan agreement with Robert Burlingame,
one of the Company’s directors. The Company intends to pay the principal amount of $4 million
and all interest accrued thereon by the end of August, 2007.
Item 3.02 Unregistered Sales of Equity Securities.
On
August 13, 2007, the Company completed a private placement of
1,262,500 shares of the Company’s
common stock (“Common Stock”) to certain accredited investors at a price of $8.00 per share
pursuant to the terms of a Securities Purchase Agreement, dated August 7, 2007 (the “Purchase
Agreement”). In addition, the investors received warrants to
purchase an aggregate of 416,622
additional shares of Common Stock (the “Warrants”) at an exercise price of $9.50 per share, subject
to adjustment in certain circumstances. The Warrants are exercisable 181 days after August 13,
2007, and have a term of five years. Gross proceeds from the private
placement were approximately $10 million.
Pursuant to the terms of a Registration Rights Agreement, dated August 7, 2007 (the “Registration
Rights Agreement”), the Company agreed to register for resale the common stock issued in the
private placement as well as the common stock underlying the warrants.
The securities issued in the private placement were issued pursuant to an exemption under Section
4(2) of the Securities Act of 1933 and the rules and regulations promulgated thereunder. The
securities offered have not been registered under the Securities Act of 1933 or any state
securities laws and unless so registered may not be offered or sold in the United States (or to a
U.S. person) except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act of 1933 and applicable state securities laws. This
announcement is neither an offer to sell nor a solicitation of an offer to buy any of these
securities. The Company is also obligated to issue a warrant to purchase 88,375 shares of the Company’s Common
Stock to its placement agent in connection with the private placement. The warrants will have the
same terms, including exercise price and registration rights, as the warrants issued in the private
placement.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
10.1 Securities Purchase Agreement, dated as of August 7, 2007.*
10.2 Registration Rights Agreement, dated as of August 7, 2007.*
10.3 Form of Common Stock Purchase Warrant.*
99.1 Press release dated August 8, 2007.*
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| *Incorporated by reference from our Current
Report on Form 8-K filed on August 13, 2007. |