SOURCE: ZK International Group Co., Ltd.

ZK International Group Co., Ltd.

September 05, 2017 08:00 ET

ZK International Group Completes First Day of Trading on The NASDAQ Capital Market; ZKIN Shares Up 69% in NASDAQ Debut After IPO Underwritten by Boustead Securities

LOS ANGELES, CA--(Marketwired - Sep 5, 2017) - ZK International Group Co., Ltd. ('ZK International' or the 'Company') (NASDAQ: ZKIN), a manufacturer and engineer of high-performance stainless steel products for sophisticated water and gas pipeline systems predominately in China, commenced trading Friday September 1 on The NASDAQ Capital Market under the symbol 'ZKIN.' ZKIN ended its first day of trading on NASDAQ with the Company's ordinary shares up 69% to $8.45/share. Boustead Securities, LLC ("Boustead") was the Sole Underwriter and completed the initial public offering ("IPO") of 1,068,346 of ZKIN's ordinary shares at a price of $5.00 per share for a total of $5,341,730.00 in gross proceeds to the Company before underwriting discounts, commissions and offering expenses, on August 30, 2017.

"Congratulations to CEO Jiancong Huang and his team at ZK International for an auspicious trading debut on NASDAQ," said Dan McClory, Head of China and Equity Capital Markets at Boustead Securities. "With access to additional capital and a diversified investor base, ZKIN has even more tools at its disposal to support the growth Mr. Huang has planned for the Company," McClory concluded.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under securities laws of any such state or jurisdiction.

For further information on the Company's SEC filings please visit www.sec.gov

About Boustead Securities, LLC
Boustead Securities, LLC ("Boustead") is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead's core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States and around the world, Boustead's team moves quickly and provides a broad spectrum of sophisticated financial advice and services. For more information, visit http://www.boustead1828.com/

Safe Harbor Statement
This news release contains forward-looking statements, including without limitation statements regarding the use of proceeds received in ZK International's initial public offering. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of ZK International. Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are described more fully in ZK International's registration statement on Form F-1 that was filed with the SEC. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

ZK International Group Co., Ltd.
ZK International is a leading manufacturer and engineer of high-performance stainless steel products for projects that require sophisticated water or gas pipeline systems. Leveraging its expertise, ZK International caters its products to infrastructure projects by urban planners, real estate developers, local governments and municipalities to bring communities reliable and durable gas and water transmission systems. The Company's products including double-press thin-walled stainless steel tubes and fittings, carbon steel tubes and fittings and single-press tubes and fittings, are sold predominately in China, but are also exported and distributed in Europe and Southeast Asia.

For more information please visit www.ZKInternationalGroup.com.

Contact Information

  • Boustead Securities, LLC Contact:
    Dan McClory
    Managing Director, Head of China, and Head of Equity Capital Markets
    +1 (949) 502-4408
    dan@boustead1828.com