ZK International Group (ZKIN) Announces $1.4 Million Convertible Note Financing

ZK International Group Co., Ltd. (ZKIN) ("ZK International" or the "Company"), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, today announced that it has set the terms of a convertible note financing for aggregate gross proceeds up to $1.4 million (the "Convertible Notes").

The offering is expected to close on or about September 25, 2020, subject to the satisfaction of customary closing conditions. The Convertible Notes may be convertible into up to 2,370,968 Company's ordinary shares. Further details of the use of proceeds of this offering will be outlined on or about the closing.

The Convertible Notes and underlying ordinary shares are being offered pursuant to a shelf registration statement on Form F-3 (File Number: 333-230860) filed with the U.S. Securities and Exchange Commission (the "SEC") under the Securities Act of 1933, as amended on April 15, 2019 and declared effective on April 29, 2019. The offering of the Convertible Notes and underlying shares will be made only by means of a prospectus supplement that forms a part of the registration statement.

You May Also Be Interested In

• IES Holdings (IESC) files mixed shelf
• Pembina joins proposed 1M bbl/day Alberta-to-coast pipeline plan
• Peraso secures $25M equity facility with Roth unit