Oculus Innovative Sciences, Inc. (OCLS) Achieves Net Worth of $4.5 Million Pro Forma as of September 30, 2012 and Regains Compliance With the Stockholders' Requirement of the NASDAQ Listing Rules
11/5/2012 9:27:45 AM
PETALUMA, Calif., Nov. 5, 2012 (GLOBE NEWSWIRE) -- As previously announced, on May 21, 2012, Oculus Innovative Sciences, Inc. (Nasdaq:OCLS) received notification from NASDAQ that, for the previous 30 consecutive business days, it failed to comply with NASDAQ Listing Rule 5550(b)(2), which required the company to maintain a minimum market value of listed securities of $35 million for continued listing on the NASDAQ capital market. NASDAQ granted the company a grace period of 180 calendar days, or until November 19, 2012, to regain compliance with the listing rule, or one of the alternative requirements under Listing Rules 5550(b)(1) or 5550(b)(3).
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