$3.34 million worth of mezzanine securities was placed by Zealot Networks

Change: offered +0% / raised +100% / placed 67%

zealot Zealot Networks‘ planned $5 million mezzanine financing was reported as 67% completed. This is the first time the offering, which launched a little over a month ago, is reported as subscribed. The thirty investors started to acquire $3.34 million worth of securities a few months ago which would indicate the original filing was filed late. There is now $1.66 million in securities left up for subscription. The subscription will close either once the offering is sold in full or in about a year, whichever one comes first. This is not the first time the company files unregistered securities with the SEC according to a concurrent filing. The company announced securing $25 million in financing in August, so far only $5.34 million was drawn down via security issuance based on the information disclosed to the SEC.

The company is a digital-first media organization and growth accelerator that delivers multi-platform revenue, distribution and growth opportunities to creative entrepreneurs and talents.

The company, headquartered in Venice CA, was registered this year. Revenues remained undisclosed.
The executive team includes Benjamin Parkes, Chad Seymour, Conn Fishburn, Daniel E Zappin and Robert W Vanech.

In a concurrent filing, Zealot Networks disclosed having raised $2 million in a fully subscribed offering.
The company has raised an estimated total of $5.34 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: Zealot Networks
Industry: Other Technology
Amount offered: $5 million
Amount placed: $3.34 million
First sale: 08-21-2014
Data as of: 11-24-2014

For more information visit www.XDATA.co


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s