ZBB raises $1.3m

BIBRA Lake-based energy storage facilities manufacturer ZBB Energy Corporation has secured US-based Empire Financial Group as an underwriter for its proposed initial public offer in the US, in which it aims to raise up to $19.7 million. The price of the offering shall be determined prior to its close. During the week, controversial board member Trevor Flugge announced the raising of $1.3 million through a placement of five million shares at 26 cents with 41 Broadway Associates LLC. Mr Flugge has since resigned. Last month, ZBB secured a $3 million loan facility by the issuance of senior secured notes to investment funds managed by CTI Capital Management of Florida and Bushido Capital Partners of New York.

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
49 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer