Brief: ZK International Enters iGaming With Series A Investment Up To $50 Mln

ZK International Co

05/04/2021 13:35

April 5 (Reuters) - ZK International Group Co Ltd  ZKIN.O :
    * ZK INTERNATIONAL ENTERS IGAMING WITH SERIES A INVESTMENT
UP TO
$50 MILLION IN CAROUSEL GROUP TO LAUNCH MAXIMBET
    * ZK INTERNATIONAL GROUP CO LTD - LED A $50 MILLION SERIES A
FUNDING ROUND IN CG MALTA HOLDING LIMITED
    * ZK INTERNATIONAL GROUP CO LTD - INVESTMENT IN CGM WILL
TOTAL $50
MILLION THROUGH TWO CLOSINGS
    * ZK INTERNATIONAL GROUP CO LTD - ACQUIRED A 12% INTEREST
FOR
PURCHASE PRICE OF $15 MILLION THROUGH FIRST CLOSING
    * ZK INTERNATIONAL GROUP CO LTD - SECOND CLOSING ANTICIPATED
TO
OCCUR WITHIN Q2, WILL RESULT IN COMPANY ACQUIRING AN ADDITIONAL
13% FOR PURCHASE PRICE OF $35 MILLION
    * ZK INTERNATIONAL GROUP CO LTD - COMPANY WILL OWN A TOTAL
INTEREST OF 25% IN MAXIMBET.

Source text for Eikon:  ID:nPn6y4mvwa 
Further company coverage:  ZKIN.O 

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