Investor Zyndy Trade invests $2 million initially in clothing company
By Devika Patel
Knoxville, Tenn., Nov. 30 - Horiyoshi Worldwide Inc. said it has arranged a private financing agreement with Zyndy Trade Corp.
Zyndy will invest up to $5 million in the company through advances. The company anticipates an immediate initial investment of $2 million.
"In light of unprecedented market conditions, we believe this investment serves as a strong endorsement of our company and the tremendous potential of our brand" president and chief executive officer Mitsuo Kojima said in a press release. "The investment provides our business with long term support for the growth of our brand both domestically and internationally."
The Los Angeles company produces clothing, accessories and jewelry.
Issuer: | Horiyoshi Worldwide Inc.
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Issue: | Private financing
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Amount: | $5 million
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Warrants: | No
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Investor: | Zyndy Trade Corp.
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Pricing date: | Nov. 30
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Stock symbol: | OTCBB: HHWW
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Stock price: | $1.58 at close Nov. 29
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Market capitalization: | $154.63 million
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