ZK International Group Co., Ltd. announced a private placement of common shares at a price of $1.7 per share for the gross proceeds of $5 million on November 27, 2023. The transaction will include participation from new investor, CF Opportunity Fund Ltd. The investment will be made in three separate subscriptions and one closing. The initial tranche will be of $1.5 million, second for $2 million, third for $1.5 million.

The initial tranche will be completed within three business days. The Private Placement was exempted from the registration requirements of the Securities Act of 1933, as amended. The company shall pay a commission equal to the lower of 4.5% of the aggregate gross proceeds raised in the Private Placement to be paid at the closing of the Private Placement or $150,000 to Univest Securities, LLC.