Zero Gravity Solutions, Inc. Closes $3 million First Tranche of Equity Private Placement
BOCA RATON, Fla.— (November 20, 2015),– Zero Gravity Solutions, Inc.'s (ZGSI or the “Company”) (Pink Sheets: ZGSI), an agricultural biotechnology company commercializing its technology derived from and designed for Space with significant applications on Earth, announced today that it has closed an initial tranche of $3 million of the Company’s Units in an exempt private placement transaction with several accredited investors (“Private Placement”). Each Unit in the Private Placement consists of one share of common stock and a warrant to purchase one share of common stock and the Company may sell up to a total of $7 million under the terms of the Private Placement within the next 30 days.
Livingston Securities, LLC, a New York based broker/dealer, acted as the sole placement agent for this round of financing. The proceeds from this Private Placement will provide the capital to deploy the infrastructure necessary to support the rollout of the Company’s first commercial product, BAM-FX, in agricultural markets.
“To take advantage of the more than 60 domestic and international commercial trials conducted in 2014 and 2015 on a large variety of crops, in which initial observations and independent laboratory analysis demonstrated significant increases in yield, biomass and other attributes, the Company is utilizing this new capital to expand our staff of certified crop advisors, agronomists and qualified sales and marketing personnel to support the Company’s short term revenue generation goals,” stated Harvey Kaye, Chairman of ZGSI.
For more detail on the Private Placement, please refer to the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on November 20, 2015.
Zero Gravity Solutions, Inc.'s wholly owned subsidiary, BAM Agricultural Solutions and Tyton BioEnergy Systems Sign a Collaborative Agreement Focused on Domestic and International Energy Tobacco Production
Developing Tobacco as a Green Chemicals Crop
BOCA RATON, Fla. & DANVILLE, Virginia — (May 4, 2015),– Zero Gravity Solutions, Inc.'s (ZGSI or "the Company") (Pink Sheets: ZGSI), wholly owned subsidiary BAM Agricultural Solutions, Inc. (BASI) and Tyton BioSciences, LLC d/b/a Tyton BioEnergy Systems (Tyton) have entered into a Collaboration Agreement (CA) focused on the use of tobacco as a green chemicals and biofuels crop.
Tobacco can be an economical, high-yield, non-food crop for the production of green chemicals and biofuels; Tyton is developing tobacco for these purposes using novel plant, agronomic and extraction technologies. The CA is aimed at improving the quality and yields of Tyton's feedstock tobacco plants. The respective scientific and agricultural experts at Tyton and BASI are now collaborating to execute tobacco crop field trials commencing on or about May 15, 2015. Field trials are scheduled at three of Tyton's tobacco feedstock locations to determine the effect of BASI's BAM-FX product on sugar content and biomass of those plantings through crop maturity utilizing jointly developed protocols.
This research collaboration will utilize ZGSI's proprietary BAM-FX™ technology, an ionic, micronutrient and mineral platform delivery system for plants, which was originally developed for NASA's human spaceflight program and is now being applied to agriculture here on Earth. Field trials with end user growers in multiple US States on a variety of crops continue to be undertaken on an ongoing basis.