Navigation Links
Z Trim Holdings, Inc. Announces Pricing of Public Offering of Common Stock and Warrants
Date:11/13/2013

MUNDELEIN, Ill., Nov. 13, 2013 /PRNewswire/ -- Z Trim Holdings, Inc. (OTC Markets: ZTHO – News), a bio-technology company providing value-added ingredients to a variety of industries, today announced the pricing of a registered public offering of up to 2,250,000 shares of common stock and warrants to purchase up to 1,687,500 shares of common stock.

For every share of common stock purchased in the public offering for $0.75 per share, each investor will also receive a warrant to purchase three-quarters (3/4) of a share of common stock. The warrants have an exercise price of $1.00 per full share and a term of exercise of five years. The offering is expected to close on or about November 18, 2013, subject to customary closing conditions.

Z Trim plans to use the net proceeds from the offering to fund working capital needs and other general corporate purposes, including for conducting research and development ("R&D"), hiring additional sales and R&D staff, and further protecting its intellectual property.

Maxim Group LLC is serving as the exclusive placement agent for the offering.

The securities described above were offered pursuant to a registration statement on Form S-1 (File No. 333-186577), which was declared effective by the United States Securities and Exchange Commission (the "SEC") on November 12, 2013 (the "Registration Statement"). This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A prospectus relating to this offering will be filed and then copies may be obtained at the SEC's website at http://www.sec.gov or by request at Maxim Group LLC, 405 Lexington Avenue, New York, NY 10174.

ABOUT Z TRIM®

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.  The Company's food division currently sells a line of products to the food industry that can help food manufacturers reduce their costs and help them solve many production problems.  The Company's revolutionary technology provides value-added ingredients across virtually all food industry categories.  The Company's all-natural products, among other things, help to reduce fat and calories, add fiber, provide shelf-stability, prevent oil migration, and add binding capacity – all without degrading the taste and texture of the final food products.  Perhaps most significantly, Z Trim's products can help extend finished products, and thereby increase its customers' gross margins.  The Company's industrial division, opened in 2012, sells eco-friendly ingredients to oil drilling, hydraulic fracturing, petroleum coke, steel/aluminum, paper and other industries.  The Company's industrial ingredients are highly functional in applications for adhesives, binders, viscofiers and emulsifiers.

Forward-Looking Statements and Risk Factors

Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of Z Trim Holdings to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Other factors, which could materially affect such forward-looking statements, can be found in our filings with the Securities and Exchange Commission at www.sec.gov, including risk factors relating to our history of operating losses, that our auditors have expressed substantial doubt regarding our ability to continue as a going concern, the fact that we may dilute existing shareholders through additional stock issuances, and our reliance on our intellectual property. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.Contacts:Media:

Investor Relations:Angela Strickland

John Columbia(847) 549-6002

Legend Securities, Inc.mediarelations@ztrim.com

718-233-2677 TwitterFacebookLinkedIn
'/>"/>

SOURCE Z Trim Holdings, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. Bacterin International Holdings, Inc. Schedules Fourth Quarter 2011 Financial Earnings Conference Call
2. Innophos Holdings, Inc. Reports First Quarter 2012 Results
3. China Pharma Holdings, Inc. to Report First Quarter of Fiscal Year 2012 Financial Results on May 15, 2012
4. Inclinix-PMG Holdings, Inc. Announces Executive Management Changes
5. Organovo Holdings, Inc. to Webcast, Live, at RetailInvestorConferences.com on August 2nd
6. Aveka Nutra Processing proudly begins producing products from Z Trim Holdings, Inc.
7. Organovo Holdings, Inc. Investor Presentation Now Available for On-demand Viewing at RetailInvestorConferences.com
8. Z Trim Holdings, Inc. adds non-GMO corn products to its product line
9. Z Trim Holdings, Inc. Enters into Joint Development Agreement with Drilling Fluids Company
10. Z Trim Holdings, Inc. Records First Non-GMO Corn Sales
11. CTD Holdings, Inc. Announces Refinancing of Long Term Debt
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/19/2016)... 19, 2016  AdvancedFlow Systems Inc. (AFS), a ... out of Maple Ridge, British Columbia ... its existing portfolio of contract manufacturing clients by ... with its sister companies Surround Technologies (STI) and ... industrial group that specializes in providing contract manufacturing ...
(Date:5/19/2016)... 19, 2016 - I dati ... durante il 52 ° Congresso ... - Le conclusioni dello studio indicano un ... trattati, di cui il 90% presenta una d urata ... più. Il settantadue per cento dei pazienti ha riscontrato un ...
(Date:5/18/2016)... ... , ... STACS DNA Inc., the sample tracking software company, today announced that ... processing to help them save time and reduce errors. , Sexual Assault kits are ... and victims informed of results. Due to a previous lack of tools, many forensic ...
(Date:5/17/2016)... 2016 Haselmeier announces the launch ... approval by EMA, the European Medicines Agency. Originally launched ... company, the new pen version includes enhancements to further ... confidence to patients during use. Its enhanced ... to handle with a larger display window that improves ...
Breaking Biology Technology:
(Date:3/31/2016)... 31, 2016  Genomics firm Nabsys has completed a ... Barrett Bready , M.D., who returned to the company ... technical leadership team, including Chief Technology Officer, John ... Steve Nurnberg and Vice President of Software and Informatics, ... Dr. Bready served as CEO of Nabsys ...
(Date:3/21/2016)... 2016 Unique technology combines ... superior security   Xura, Inc. ... secure digital communications services, today announced it is working ... enterprise customers, particularly those in the Financial Services Sector, ... authentication within a mobile app, alongside, and in combination ...
(Date:3/14/2016)... 2016 NXTD ) ("NXT-ID" or the ... announces the airing of a new series of commercials on ... March 21 st .  The commercials will air on Bloomberg ... on the Street show. --> NXTD ) ("NXT-ID" ... commerce market, announces the airing of a new series of ...
Breaking Biology News(10 mins):