WENZHOU, China, Dec. 28, 2023 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"), a pioneer in stainless-steel innovation and technology, is pleased to share a corporate update highlighting recent developments and the launch of its new website. [Read More...] Today's PR Video (YouTube):
In recent weeks, ZK International (NASDAQ: ZKIN) has captured the attention of investors with an impressive rally, surging over 139% since the beginning of November to its current level of $1.07. This remarkable leap may be just the beginning of more substantial gains, particularly
following ZKIN's successful bid to regain Nasdaq minimum bid compliance. The company's ability to address this compliance issue organically, without resorting to the common reverse split route, is noteworthy and adds a positive outlook to its future prospects. Nasdaq Minimum Bid Compliance: The recent announcement of ZKIN regaining Nasdaq minimum bid compliance is a significant milestone for the company. This accomplishment not only eliminates listing uncertainty but also positions ZKIN for potential upside moves.
Unlike many microcap companies that opt for reverse splits to meet Nasdaq requirements, ZKIN's organic cure of the deficiency suggests a more stable foundation for its stock price. With the Nasdaq threshold now met, ZKIN is poised to reclaim its 52-week high of $1.34, a mere 10% higher than its current level. Share Purchase Agreement (SPA) with CF Opportunity Fund, Ltd.: Addressing potential dilution concerns, ZKIN secured a $5 million above-the-market passive Share Purchase Agreement (SPA) with CF Opportunity Fund, Ltd. (CF). This strategic move not only provides a significant financial
boost but also instills confidence in the market. The terms of the SPA, with share purchases fixed at $1.70, represent a 39% premium over the current share price. This not only demonstrates CF's bullish stance on ZKIN's potential but also aligns the interests of the company and its shareholders.
Financial Performance and Topline Growth: ZKIN's triple-digit percentage share price run is supported by tangible factors, particularly its robust topline growth. The company reported a noteworthy increase in comparative six-month revenues in 2023, surging by over 15% to $49,655,399. This impressive growth represents a $6,764,742 jump over the same period last year, showcasing ZKIN's resilience in the face of challenging market conditions, including increased costs of raw materials, especially nickel. Challenges and Market Conditions: ZKIN's ability to achieve substantial revenue growth despite challenges in the market, such as rising raw material costs, highlights its adaptability and strategic management. Nickel, a vital component of stainless steel and crucial to many of ZKIN's product productions, has experienced increased costs. Despite this, the company has navigated these challenges effectively, underlining its
commitment to sustained growth and profitability. Key Takeaway As ZK International continues its upward trajectory on the Nasdaq, investors are presented with a
compelling opportunity. The successful resolution of Nasdaq compliance issues, coupled with a shareholder-friendly SPA with CF Opportunity Fund, Ltd., positions ZKIN for future success. The impressive topline growth and resilience in the face of market challenges further reinforce the positive outlook for the company. With the
potential to reclaim its 52-week high and beyond, ZKIN appears to be on a path of sustained growth and value creation for its shareholders. Last Tuesday's Breaking News: ZK International (NASDAQ: $ZKIN) Wins $8 Million
Piping Infrastructure Contract with $1.5 Billion Giant Chongqing Gas
WENZHOU, China, Dec. 19, 2023 /PRNewswire/ -- ZK International Group (Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"), a leading designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and
carbon steel pipe products for sophisticated water or gas pipeline systems, proudly announces a new marketing and sales achievement. The Company has successfully secured an $8 million bid in collaboration with Chongqing Gas Group, bolstering its new position as a key player in the Western China gas market. [Read More...] Last Tuesday's PR Video (YouTube):
ZK International Group Co Ltd. (NASDAQ: $ZKIN) is a China-based engineering company building and
investing in innovative technologies for the modern world. With a focus on designing and implementing next-generation solutions through industrial, environmental and software engineering, ZKIN owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards. [Read
More...]
You've subscribed on December 28,
2023.
DISCLAIMER: Please read our Full Disclaimer: https://dexwirenews.com/disclaimer/ This newsletter is
a Paid Advertisement, not a recommendation nor an offer to buy or sell securities. This newsletter is owned, operated and edited by DEXWireNews LLC. Any wording found in this e-mail or disclaimer referencing to “I” or “we” or “our” refers to DEXWireNews LLC. You are reading this newsletter because you have subscribed via our opt-In
signup form on our website. If you have been subscribed by accident, then you may unsubscribe by clicking the link below. By reading our newsletter and our website you agree to the terms of our disclaimer, which are subject to change at any time. We are not registered or licensed in any jurisdiction whatsoever to provide
investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and is for entertainment purposes only. At most, this communication should serve only as a starting point to do your own research and consult with a licensed professional regarding
the companies profiled and discussed. Conduct your own research. Companies with low price per share are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold our site, its editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters or on our website. We do not advise any reader take any specific action. Losses can be larger than expected if the company experiences any problems with liquidity or wide spreads. Our website and newsletter are for entertainment purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter and on our website may be based on end-of-day or intraday data. This publication
and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. If we own any shares we will list the information relevant to the stock and number of shares here: We do NOT own shares of any of the companies mentioned herewithin, nor intend to buy any in the future. You should read and review, if and to the extent available, any information concerning an advertised company available at the web sites of the U.S. Securities and Exchange Commission (the "SEC") at http://www.sec.gov and the Financial
Industry Regulatory Authority (the "FINRA") at http://www.FINRA.org. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud at https://www.sec.gov/reportspubs/investor-publications/investorpubscyberfraudhtm.html, as well as related information published by the NASD on how to invest carefully. You are responsible for verifying all claims and conducting your own due diligence. You agree and acknowledge that any hyperlinks to the website of (1) an advertised company, (2) the party issuing or preparing the information for the advertised company, or (3)
other information contained in our disseminated emails is provided only for your reference and convenience. We are not responsible for the accuracy or reliability of these external sites, nor are we responsible for the content, advertising, opinions, products or other materials on external sites or information sources. If you use, act upon or make decisions in reliance on information contained in any disseminated email or any hyperlink, you do so at your own risk and agree to hold us, our
officers, directors, shareholders, affiliates and agents harmless. You acknowledge that you are not relying on us, and we are not liable for, any actions taken by you based on any information contained in any disseminated email or hyperlink. You also acknowledge that we are not an investment advisory service, a broker-dealer or an investment adviser. You acknowledge that you will consult with your own advisers regarding any decisions as to any advertised company. Our business model is to receive financial compensation to promote public companies. We have been compensated twenty-thousand dollars electronically via bank wire by a third party for a 2-week advertising / marketing campaign for (NASDAQ: $ZKIN) beginning on 12/16/2023 and ending on 12/29/2023. This message is meant for
informational and educational purposes only and does not provide investment advice. Any compensation is a major conflict of interest in our ability to be unbiased. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the hiring third party or
parties. The third party, profiled company, or their affiliates likely wish to liquidate shares of the profiled company at or near the time you receive this communication, which has the potential to hurt share prices. Any non-compensated alerts are purely for the purpose of expanding our database for the benefit of our future financially compensated investor relations efforts. Frequently companies profiled in our alerts may experience a large increase in volume and share price during
the course of investor relations marketing, which may end as soon as the investor relations marketing ceases. The investor relations marketing may be as brief as one day, after which a large decrease in volume and share price is likely to occur. Our emails may contain forward looking statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters and on our website is believed to be accurate and correct, but has not been independently verified and is not guaranteed to be correct. The information is collected from public sources, such as the profiled company’s website and press releases, but is not researched or verified in any way whatsoever to
ensure the publicly available information is correct. Furthermore, we often employs independent contractor writers who may make errors when researching information and preparing these communications regarding profiled companies. Independent writers’ works are double-checked and verified before publication, but it is certainly possible for errors or omissions to take place during editing of independent contractor writer’s communications regarding the profiled company(s). You should assume all
information in all of our communications is incorrect until you personally verify the information, and again are encouraged to never invest based on the information contained in our written communications. The information in our disclaimers is subject to change at any time without notice. Will everyone receive the Information at the same time? No. The Information may be sent to potential investors at different times that are minutes, hours, days or even weeks apart. How is a potential investor impacted if they receive the Information later than other investors? If the trading volume and price of a Profile Issuer’s securities increases after the Information is provided to an earlier group of investors, then subsequent investors will pay inflated
prices for any securities of the Profiled Issuers that they purchase. This will likely result in the Profiled Issuers having trading losses. |
|
---|
|
|
|