ZKIN receives strategic investment

12 January 2018

ZK International Group Co., Ltd. (ZKIN) has received a strategic investment from NGST Limited, which is owned by Antanas Guoga and Exigent Capital, a firm specializing in cryptocurrency trading.

ZKIN completed a closing of a private placement offering of restricted ordinary shares of the Company, at a purchase price of USD 6.00 per share, for an aggregate purchase price of USD 520,000. Upon the closing, the Company issued a total of 86,666 restricted ordinary shares to the investors in the Offering, subject to customary restrictions pursuant to Rule 144 of the Securities Act of 1933.

The Shares were offered and sold to both investors in the offering pursuant to certain subscription agreements entered into on December 28, 2017.