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.
|
| Issue: | Private financing
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| Amount: | $5 million
|
| Warrants: | No
|
| Investor: | Zyndy Trade Corp.
|
| Pricing date: | Nov. 30
|
| Stock symbol: | OTCBB: HHWW
|
| Stock price: | $1.58 at close Nov. 29
|
| Market capitalization: | $154.63 million
|
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