CoConnect may raise up to $900,000 through private placement of stock

Company also aims to acquire Norwalk, Conn.-based high-end chocolatier

By Devika Patel

Knoxville, Tenn., Nov. 3 – CoConnect, Inc. will raise up to $900,000 in a private placement of stock with a small group of investors, according to an 8-K filed Monday with the Securities and Exchange Commission.

The company also said it plans to acquire all of the outstanding membership interests of Norwalk, Conn.-based House of Knipschildt, LLC in exchange for 4.2 million common shares. House of Knipschildt is a privately owned manufacturer, wholesaler and retailer of hand-made and other high-end chocolate products with one retail store.

The Beverly Hills, Calif., blank check company has no operations or revenue.

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