Business
Ecoark Holdings, Inc. Announces $8 Million Registered Direct Offering
Ecoark Holdings, Inc. Announces $8 Million Registered Direct Offering.
About this update from Riskon International, Inc.
[{"type":"text","content":"\nEcoark Holdings, Inc. Announces $8 Million Registered Direct Offering\n\nEcoark Holdings, Inc. Announces $8 Million Registered Direct Offering\n\nROGERS, AR--(Marketwired - March 14, 2017) - Ecoark Holdings, Inc. (OTCQX: EARK), a provider of a growing suite of proprietary technologies and services that drive sustainability and facilitate sustainable growth for a wide range of clients, today announced that it has entered into definitive agreements with two institutional investors for an offering of 2,000,000 shares of common stock, at a price per share of $4.00, issued with warrants to purchase 1,000,000 shares of common stock. The warrants have an exercise price of $5.00 per share and will expire five years from the date of issuance. The closing of the offering is expected to take place on or about March 17, 2017, subject to the satisfaction of customary closing conditions. Rodman & Renshaw, a unit of H.C. Wainwright & Co., is acting as the exclusive placement agent in connection with this offering. Net proceeds from the offering are expected to be approximately $7.3 million, excluding potential proceeds from the exercise of the warrants. Ecoark intends to use the net proceeds from the offering for growth working capital and increasing its stockholders' equity as it prepares to complete its application for uplisting on the Nasdaq Capital Market following both the changing of its fiscal year end to March 31, 2017 and the filing of its March 31, 2017 audited financial statements.The securities described above are being offered by Ecoark Holdings pursuant to a shelf registration statement (File No. 333-213186) previously filed with and subsequently declared effective by the Securities and Exchange Commission (the \"SEC\"). A prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov and following such filing, copies of the prospectus supplement and the accompanying base prospectus relating to this offering may be obtained at the SEC's website at http://www.sec.gov, or from H.C. Wainwright & Co., LLC by e-mailing [email protected] or calling 646-975-6957. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein. There shall not be any offer, solicitation of an ...