KASPIEN HOLDINGS INC - KSPN STOCK NEWS

Kaspien (NASDAQ: KSPN) has appointed Gateway Investor Relations to enhance its investor relations program. Gateway will assist in refining corporate messaging, strategic advisory, and engagement with institutional investors. In a related move, Kaspien completed a successful common stock offering, raising $13.5 million to fund growth initiatives, specifically a brand acquisition strategy. The company aims to leverage its expertise in ecommerce to tap into a $1 trillion market, with plans to acquire complementary brands, enhancing its platform's offerings and growth potential.

Kaspien Holdings Inc. (Nasdaq: KSPN) has closed an underwritten offering of 416,600 shares of common stock at $32.50 per share, generating approximately $13.5 million in gross proceeds. The net proceeds will be utilized for general corporate purposes, including working capital, brand acquisition, and technology investments to enhance its eCommerce platform and core retail business. The offering was managed by Aegis Capital Corp.

Kaspien Holdings, Inc. (NASDAQ:KSPN) successfully completed a $13.5 million bought deal offering, with Aegis Capital Corp. serving as the sole bookrunner. Kaspien, based in Spokane, WA, specializes in eCommerce solutions, providing brands with tools and services to enhance their presence on various online marketplaces including Amazon, Walmart, and eBay. The company leverages proprietary technologies for brand protection and marketing optimization to drive revenue growth for its partners. For more information, visit kaspien.com.

Kaspien Holdings Inc. (Nasdaq: KSPN) has entered into an underwriting agreement with Aegis Capital Corp. to issue 416,600 shares of its common stock at $32.50 per share. The offering is expected to close around March 18, 2021, subject to standard conditions. Proceeds will be allocated for general corporate purposes, including brand acquisition and technological investments to enhance its scalable platform. This offering is registered under an effective shelf registration statement with the SEC.

Kaspien Holdings Inc. (Nasdaq: KSPN) announced a public offering of its common stock, aiming to raise funds for general corporate purposes, including brand acquisitions and technology investments. The offering is contingent on market conditions, and the exact size and terms are yet to be determined. Aegis Capital Corp. is the sole book-running manager. The company filed an effective shelf registration statement with the SEC, and details will be available in a preliminary prospectus supplement. Risks associated with the offering include potential failure to close and broader economic impacts, including those from COVID-19.

Kaspien (NASDAQ: KSPN) provided an update on its growth strategy during the 33rd Annual ROTH Conference held virtually from March 15-17, 2021. CEO Kunal Chopra emphasized the company's commitment to expanding its ecommerce services on platforms including Amazon, Walmart, and Target, alongside pursuing strategic acquisitions to enhance its offerings. Kaspien, which has partnered with over 4,000 brands, aims to leverage its proprietary technologies for brand protection and marketing optimization to drive revenue growth. Further discussions on Kaspien's acquisition strategy will occur during a specific panel at the conference.

Kaspien (Nasdaq: KSPN) announced its participation as a Target Plus partner, enabling it to sell directly on Target.com. This partnership, which began in early 2020, allows Kaspien to offer products in sought-after categories like baby, pets, sports, and toys, with fewer than 300 approved sellers on the platform. The average revenue per listing on Target.com was reported to be nine times higher than on Walmart's marketplace, indicating strong sales potential. Kaspien leverages its logistics and marketing expertise to optimize listings and fulfill orders efficiently.

Kaspien Inc. (Nasdaq: KSPN) has appointed Scott Allen as Chief of Staff, bringing 21 years of Air Force leadership experience. Allen will streamline strategic initiatives and manage program communications across departments. CEO Kunal Chopra emphasized the necessity of Allen's role to support Kaspien's growth in 2021. Allen's previous achievements include leading a team that increased recruitment by 28%. Kaspien, founded in 2008, specializes in e-commerce growth, providing software and services for brands on major online marketplaces.

Kaspien (Nasdaq: KSPN) has achieved a significant milestone, marking their billionth dollar sale on e-commerce marketplaces. This achievement reflects a robust performance in 2020, with net revenue and gross merchandise value (GMV) showing substantial gains. Notably, Kaspien reported a 36% increase in net revenue and a 127% surge in GMV during Q3 2020 compared to the previous year. The company also regained compliance with Nasdaq listing requirements after exceeding a market value of $35 million for 10 consecutive days. The rebranding and leadership changes mark a new chapter for the company.