Zosano raises $365,000 through private placement of its common stock

Company sells 10,016,973 shares at $0.04 each to investor ZP Holdings

By Devika Patel

Knoxville, Tenn., Nov. 6 - Zosano Inc. settled a $365,000 private placement of stock with ZP Holdings, Inc. on Oct. 31, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold 10,016,973 common shares at about $0.04 per share. The price per share is a 94.29% discount to the Nov. 5 closing share price of $0.70.

The development-stage green technologies company is based in Fremont, Calif.

Issuer:	Zosano Inc.
Issue:	Common stock
Amount:	$365,000
Shares:	10,016,973
Price:	$0.04 (approximate)
Warrants:	No
Investor:	ZP Holdings, Inc.
Announcement date:	Nov. 6
Settlement date:	Oct. 31
Stock symbol:	OTCBB: EPLCD
Stock price:	$0.70 at close Nov. 5

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