Zalemark Holding Co. (ZMRK), today announced that it has entered into a $1 million common stock purchase agreement with Kodiak Capital Group, LLC, a Newport Beach, California-based institutional investor. Zalemark is an award winning product design, development, manufacturing and distribution Company that develops and markets strategic jewelry brands such as, Crayola(R) Fine Jewelry, Mars(R) M&M’s(R) Jewelry Brand, and Demeter(R) Fine Jewelry.
Zalemark has agreed to file a registration statement with the U.S. Securities and Exchange Commission covering the shares that may be issued to Kodiak under the terms of the common stock purchase agreement. After the SEC has declared the registration statement related to the transaction effective, Zalemark will have the right at its sole discretion over a period of one year to sell up to $1 million of common stock under the terms set forth in the agreement.
Proceeds from this transaction, if any, will be used to further develop and commercialize projects using Zalemark’s market expertise, extensive relationship capital and award winning industry performance.
“We are very excited about the opportunity to receive this capital infusion and the vote of confidence in our brand and business model by an investment group as renowned and successful in the consumer products space as Kodiak Capital,” commented Raymond Ruiz, Zalemark’s Chief Executive Officer. Scott Lopez, Kodiak Capital Group Advisory Board Member, said “We are equally pleased to be able to assist an industry innovator such as Zalemark as it moves forward with the commercialization and distribution of its world class products and market strategy.”
For more information: finance.yahoo.com/zalemark-holding-co-enters
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