Pet Product Maker Dogness Raises $5M

Dogness (International) Corp., a developer and manufacturer pet products, announced that it closed a private placement transaction, raising $5 million in gross proceeds.

The proceeds came from the sale of 2 million of the company’s Class A common shares  to various purchasers at $2.50 per share.

The company trades on the Nasdaq under the symbol DOGZ.

Dogness, founded in 2003, is a maker of smart products, hygiene products, health and wellness products, and leashes. Its R&D has resulted in over 200 patents and patents pending.