ZBB Energy Corp., a Menomonee Falls-based developer of intelligent, renewable energy power platforms, today announced that it has entered into a securities purchase agreement for a registered direct offering with several investors to sell a total of 4.2 million shares of common stock for gross proceeds of $3.0 million.
The shares will be sold for a per share purchase price of 71 cents. MDB Capital Group LLC acted as the placement agent for this offering.
ZBB also entered into a stock purchase agreement with certain members of its board of directors, officers and advisors providing for the sale of a total of 206,250 shares of common stock for a price per share equal to 80 cents, which was the closing price of the company's common stock on Jan. 30.
Eric Apfelbach, chief executive officer of ZBB Energy Corp., said, "This financing not only strengthens our balance sheet, but also continues to demonstrate our ability to attract fundamental investors and raise money with attractive terms. The participation from directors and management is a reflection of the belief in the mission."
The transactions are expected to close on or about Feb. 7, subject to satisfaction of customary closing conditions.
ZBB Energy Corp. to sell more stock shares
advertisement





This image can now be accessed by javascript as document.MyImage. Of course add in the width, height, alt, and border properties as desired too.
The next part is to create a link around that image. This will allow javascript to affect the image properties.
