Zewar Jewellery, Inc. announced that it has received $4.09 million in funding.
On the same date, the company issued 32,051 shares for gross proceeds of $249,997.80 to a single investor.
On December 16, 2013, the company announced that it has affected a $7.8 for $1 forward stock split of its issued and outstanding shares of common Stock. The company will issue up to 4,000,000 shares at $1 per share for maximum gross proceeds of $4,000,000.
On February 3, 2014, the company issued 271,400 shares for gross proceeds of $271,400 in first tranche of the transaction to a single accredited investor.
As of February 11, 2014, the company has received $521,400 from a single investor. The company will pay $25,000 as sales commission for this tranche.
As of March 3, 2014, the company has received $521,400 from a single investor. Burnham Securities Inc. acted as placement agent to the company. The company will pay $52,140 as sales commission for this tranche.
On March 14 and March 20, 2014, the company announced that it issued 550,000 shares for gross proceeds of $550,000 with an accredited investor. The par value of shares is $1 per share. Burnham Securities, Inc. is acting as lead placement agent.
On March 25, 2014, the company announced that it has received $150,000 in additional funding from the transaction. The company issued 150,000 shares. The company has received $1,221,400 in the transaction from four investors. The company has received net proceeds of $1,098,000. The company has paid commission of $122,140.
On April 18, 2014, the company announced that it has received $50,000 in tranche closing. The tranche included participation from an accredited investor.
On April 29, 2014, the company announced that it has received $50,000 in tranche closing. The tranche included participation from an accredited investor pursuant to Regulation D.
On June 19, 2014, the company announced that it has received $60,000 in tranche closing. The tranche included participation from an accredited investor pursuant to Regulation D.
On July 14, 2014, the company announced that it has received $60,000 in tranche closing to an accredited investor.
On December 3, 2014, the company closed the transaction. The company has received $1,601,400 in the final tranche from four investors. The company has received total of $4,085,597.8 in funding.