ZK announces a $5M passive investment commitment from CF Opportunity Fund

ZK International Group announced a financial boost with a $5M passive investment commitment from the CF Opportunity Fund, which is a Bahamas-based fund. Univest Securities acted as the sole placement agent in facilitating this strategic financing, marking a significant milestone in ZKIN‘s journey towards enhanced growth and innovation. The investment will be made in three separate subscriptions and one closing, demonstrating a structured approach to fostering a long-term belief in the Company’s vision and future. An initial investment of $1.5M will be completed within three business days after signing the Securities Purchase Agreement. This initial phase sets the tone for the partnership’s future by providing essential capital when it is most needed. The agreed per-share price for this closing is equal to $1.70 per share. An additional $2M investment will be executed within 60 days from the Initial Subscription Date. This second phase will look at solidifying CF Fund’s belief in the Company’s vision. The final investment of $1.5M will be concluded within 60 days from the Second Subscription Date. The per-share price for this closing is equal to 165% of the higher of the Initial Bid Price, or the closing bid price as of the trading day immediately prior to the Third Closing Date, or the average closing bid price during the five trading days immediately prior to the Third Subscription Date.