Represented Brightline Ventures I, LLC in connection with the purchase of 130 units consisting of senior secured convertible notes and warrants in Z Trim Holdings, Inc. (ZTHO.OB), for an aggregate offering price of $1,300,000.
Z Trim Holdings, Inc. (ZTHO/OB) is a company that deploys formulation, processing, and product performance solutions built around proprietary corn-based and oat-based dietary fibers for global food markets. On January 15, 2010, Z Trim completed a PIPE whereby it issued to Brightline Ventures I, LLC 130 units consisting of senior secured convertible notes and warrants for an aggregate offering price of $1,300,000.
A Seward & Kissel team led by partner Craig Sklar and including Meir Grossman and Gary Anderson represented Brightline Ventures I, LLC in connection with the PIPE.