Breaking News Bar
updated: 11/19/2013 10:05 AM

Z Trim closes $1.4 million public offering

Success - Article sent! close

MUNDELEIN -- Biotechnology company Z Trim Holdings, said it completed a registered public offering of 1.87 million shares of common stock at a price per share of 75 cents and warrants to purchase 1.4 million shares of common stock at an exercise price of $1.00 per share, representing gross proceeds to Z Trim of $1.4 million.

Z Trim intends to use the net proceeds for working capital needs and other general corporate purposes, including conducting research and development, hiring additional sales and R&D staff, and further protecting its intellectual property.

Order Reprint Print Article
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Maxim Group LLC served as the exclusive placement agent for the offering.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.