Summary by Moomoo AI
Zscaler, Inc., a technology company based in San Jose, California, has filed a Form D Notice of Exempt Offering of Securities with the Securities and Exchange Commission (SEC) on April 23, 2024. The filing indicates a new notice for an equity offering, with the date of the first sale recorded as April 12, 2024. The offering is not intended to last more than one year and is associated with a business combination transaction. Zscaler has successfully raised a total of $22,695,169 USD, with the entire amount already sold and no remaining securities to be sold. The offering did not involve any sales commissions or finder's fees, and none of the proceeds will be used for payments to the company's executive officers, directors, or promoters. The company's executive team, including Robert Schlossman, Jay Chaudhry, and others, are listed as related persons in the filing. Zscaler has claimed an exemption under Rule 506(b) of the Securities Act and has not made sales to non-accredited investors, with only five investors participating in the offering.