Z Trim Holdings closes $1.4 Million Public Offering

November 21, 2013 |

In Illinois, Z Trim Holdings announced that it completed a registered public offering of 1,866,667 shares of common stock at a price per share of $0.75 and warrants to purchase 1,400,000 shares of common stock at an exercise price of $1.00 per share, representing gross proceeds to Z Trim of $1,400,000. Z Trim intends to use the net proceeds for working capital needs and other general corporate purposes, including conducting research and development. Maxim Group LLC served as the exclusive placement agent for the offering. Z Trim Holdings, Inc. is a bio-technology company that owns existing, and has developed new, products and processes to make use of biomass for uses in the food and industrial markets.

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