Thread International has filed a notice of an exempt offering of securities to raise $2,895,610.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Thread International is raising $2,895,610.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Ian Rosenberger played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Thread International
Thread transforms trash from the developing world into dignified jobs and the most responsible fabric on the planet. Our customers instantly improve the social and environmental impact of their products by incorporating our world-class fabrics, while capturing the traceable stories customers crave. Were proud to be a Certified B Corporation. The First Mile, an initiative of Thread International and WORK, formalizes waste collection networks in low-income communities and bridges the gap for global brands to purchase from these responsible supply chains, while diverting plastic waste from our oceans and landfills. Our work maps waste sheds and helps brands and NGOs understand how best to tackle the social and environmental issues inherent to informal waste economies and implements those solutions directly. We have created supply chains that have saved millions of pounds of plastic from landfills and the ocean, created income generation opportunities for thousands of collectors, and developed programming that has curtailed and remediated child labor in landfills, undercut bad faith practices like predatory lending, and ensured that families can safely make the transition to the formal economy, all while supplying over a dozen global brands with First Mile approved materials that they and their consumers can be proud of. We have experience working with waste collectors in over a dozen low-income countries. Our work focuses on goals 1, 3, 4, 8, 9, 11, and 12 of the Sustainable Development Goals.
To learn more about Thread International, visit http://www.threadinternational.com/
Contact:
Ian Rosenberger, Chief Executive Officer
412-254-4266
https://www.linkedin.com/in/ianrosenberger/
SOURCE: http://www.intelligence360.io
Copyright (c) 2023 SI360 Inc. All rights reserved.