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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).

Read at GlobeNewswire


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