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Subsequent Closing of PIPE follows shareholder approval
ZOOZ has begun using proceeds to acquire bitcoin, advancing on its path to becoming an institutional-scale, global bitcoin treasury
TEL AVIV, Israel, Sept. 30, 2025 /PRNewswire/ -- ZOOZ Power Ltd. (NASDAQ:ZOOZ) (TASE: ZOOZ) ("ZOOZ" or the "Company") today announced the subsequent closing of its private placement initially announced on July 29, 2025, in connection with the Company's adoption of a bitcoin treasury reserve strategy. The subsequent closing follows the shareholder approvals received at the Company's extraordinary general meeting held on September 19, 2025. In addition, ZOOZ purchased ₿525 for an aggregate consideration of $60 million, signifying the official launch of its treasury program. On September 29, 2025, the Company filed a shelf registration statement on Form F-3 with the Securities Exchange Commission which, upon effectiveness, will provide the Company with the ability to raise up to $1 billion in additional capital to execute on its business plan.
Posted In: ZOOZ
