Home / Knowledge / News / Apparel/Garments / Sunset Suits announces closing of $16 mn private placement
Sunset Suits announces closing of $16 mn private placement
26
Jul '08
Sunset Suits Holdings Inc, a designer and retailer of high quality menswear based in Poland, officially announced the closing of its May 21, 2008 private placement. Sunset Suits sold 5,128,217 shares of its Common Stock to 71 accredited and international investors for $16 million.

Net proceeds to Sunset Suits from the sale of all of the shares was approximately $13.43 million. Proceeds from the private placement transaction will be used to develop the domestic and international retail stores network with excess funds being used for general working capital purposes.

The securities sold pursuant to the Securities Purchase Agreement have not been registered under the Securities Act of 1933, or any state securities laws, and have been sold in a private transaction under both Regulation D and Regulation S. On July 3, 2008, Sunset Suits filed a registration statement on Form S-1 with the Securities and Exchange Commission, or SEC, covering the resale of the shares that were sold in the private placement.

Sunset Suits' common stock is not currently traded on a national securities exchange nor has it been approved for quotation on the Over-the-Counter Bulletin Board, or OTCBB. Once the Registration Statement is declared effective by the SEC, Sunset Suits will apply to have its securities listed on either the OTCBB or on a national securities exchange.

Sunset Suits Holdings Inc

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search