Dallas, Texas 03/26/2014 (FINANCIALSTRENDS) – ZBB Energy Corporation (NYSEMKT:ZBB) announced that it has now completed the company’s previously announced underwritten PO of common- stock at the price to the public of $2.25/share. Due to exercise in full of its underwriters’ option to buy additional shares of ZBB Energy Corporation (NYSEMKT:ZBB) common stock, it sold in total 6,325,000 shares of ZBB Energy Corporation (NYSEMKT:ZBB)’s common stock in the offering for an aggregate gross-proceeds of around $14.2 million. ZBB Energy Corporation (NYSEMKT:ZBB) received around $13.1M of net- proceeds from this offering, after deducting underwriting discount & estimated expenses of this offering payable by its. National Securities Corporation, the 100%-owned subsidiary of the National Holdings, Inc. (OTCBB: NHLD), acted as the sole book-running manager of the offering.
ZBB Energy Corporation (NYSE MKT: ZBB), the front-running developer of intelligent, and renewable energy-power platforms & hybrid-vehicle control systems, announced that the NYSE-MKT has determined to now extend the date on which ZBB Energy Corporation (NYSEMKT:ZBB) is required to regain the compliance with Section 1003 of the NYSEMKT Company-Guide to 30 May 2014. This determination was based on the review of the Exchange of its Form 10-Q that had been filed with the Securities & Exchange Commission on 14 February 2014.
As had been previously reported, on 8 October, 2013, National Holdings, Inc. (OTCBB: NHLD), had received a notice from the Exchange’s staff indicating that it was not in compliance with its stockholders’ equity and continued listing-requirements that were contained in the Sections 1003(a)(ii) & 1003(a)(iii) of its Guide/ the Exchange’s financial-condition and continued listing requirements that are contained in Section 1003(a)(iv) of its Guide. This notice provided that National Holdings, Inc. (OTCBB: NHLD), should submit the plan that would re-establish the compliance with the listing-requirements. On 14 November 2013 National Holdings, Inc. (OTCBB: NHLD), submitted a plan that was designed to re- establish the compliance with the Exchange’s continued-listing standards.