Attacks Might Delay Kid Stuff Equity Credit Application

Share this content:
Kids Stuff Inc., which publishes catalogs Perfectly Safe, Jeannie's Kids Club and The Natural Baby Catalog, may have its application for equity funding delayed as a result of last week's terrorist attack.


The North Canton, OH, company registered 14.5 million common shares as part of the funding process. This was part of an Aug. 31 filing with the Securities and Exchange Commission. The application is in process and could be delayed by the attacks.


The company announced "a major step in the completion" of its equity line of credit on Sept. 10. The equity line, entered into June 20 with Cornell Capital Partners, New York, is to provide the company with $3 million, letting Kids Stuff periodically issue and sell shares of its common stock, depending upon the volume of shares traded and the price per share.


On Sept. 11, Cornell Capital Partners' offices at One World Trade Center were destroyed.


Kids Stuff has been advised that the Cornell Capital Partners staff survived and that the company is establishing new offices.


Kids Stuff reported that the delay in the company's overall funding plans is unknown, but there will be no delay by Cornell Capital Partners resulting from the Sept. 11 attack.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above