 SPOKANE, Wash., March 18, 2021 GLOBE NEWSWIRE -- Kaspien Holdings Inc. Nasdaq: KSPN the Company, today announced the closing of an underwritten offering of 416,600 shares of common stock of the Company, at a price to the public of 32.50 per share. The gross proceeds of the offering were approximately 13.5 million, prior to deducting underwriting discounts and commissions and estimated offering expenses. The Company intends to use the net proceeds from this offering for general corporate purposes, including working capital to implement its strategic plans focused on brand acquisition, investments in technology to enhance its scalable platform and its core retail business. 