Naked Brand Group, Inc. (NAKD)

[Sasquatch81]

After reading the 8k's again, here's my current take...I think the offering announced on the day the merger was announced was required as part of the agreement:
"In accordance with the terms of the LOI, Bendon agreed to introduce investors to the Company, which are not affiliated with Bendon, to participate in a financing resulting in aggregate gross proceeds of up to $2.5 million, subject to adjustment as set forth in the LOI.  Such investors are participating in the Offering.

On January 13, 2017, the Company issued a press release announcing the Offering. "

It's late, so this is probably stretching a bit, but in one of the 8k's it states that Bendon has an outstanding demand promissory notes of 5 million. It says they were going to restructure the terms of the notes, but maybe both companies agreed on the additional offering so that the 5 mil would be carried into the merger to pay those off? I'm with you on not understanding why they would need the second offering, so I'm grasping here.

The only penalty I see is Bendon being granted 2.5 million shares if the deal isn't completed by anything other than Bendons action/inaction resulting in a failure to reach a milestone.