PR Newswire | Mar 30, 2021 11:27AM EDT

Million Registered Direct Offering

03/30 10:26 CDT

Ortoli Rosenstadt LLP Represents ZK International Group Co., Ltd. In $18 Million Registered Direct Offering NEW YORK, March 30, 2021

NEW YORK, March 30, 2021 /PRNewswire/ -- Ortoli Rosenstadt LLP, a New York full-service international law firm, today announced that it represented ZK International Group Co., Ltd. (Nasdaq: ZKIN), a manufacturer and supplier of patented high-performance stainless steel and carbon steel pipe products, in a registered direct offering with a group of investors. The $18 million registered direct offering was for the issuance of 4 million shares of ordinary shares pursuant to a "shelf" registration statement (File No. 333-230860) filed with the Securities and Exchange Commission (SEC) on April 15, 2019 and declared effective on April 29, 2019. The transaction closed on or about March 25, 2021 and the gross proceeds were approximately $18 million.

The Ortoli Rosenstadt LLP team included Partner William Rosenstadt, Of Counsel Jason Ye, Associates Grace Bai and Sophie Sang.

About Ortoli Rosenstadt LLPFounded in 2006, Ortoli Rosenstadt LLP is a New York law firm representing domestic and international clients worldwide with vision and ambition. With its attorneys' abilities to speak nine different languages, the firm is able to provide cutting-edge and solution-oriented legal advice to international clients globally in a broad variety of practice areas, including corporate & securities, merger and acquisitions, real estate, immigration and employment, intellectual property and commercial litigation.

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SOURCE Ortoli Rosenstadt LLP