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Keyarch Acquisition Corp - KYCH STOCK NEWS

Welcome to our dedicated page for Keyarch Acquisition news (Ticker: KYCH), a resource for investors and traders seeking the latest updates and insights on Keyarch Acquisition stock.

Keyarch Acquisition Corporation (KYCH) is a Cayman Islands exempted company, also known as a blank check company, formed with the specific purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Keyarch has recently completed a significant milestone by merging with ZOOZ Power Ltd., an Israeli company specializing in flywheel-based power boosting solutions for the electric vehicle (EV) charging infrastructure market.

This merger, approved by the shareholders of both companies, has positioned ZOOZ for dual-listing on Nasdaq and the Tel Aviv Stock Exchange under the ticker symbols 'ZOOZ' and 'ZOOZW,' respectively. The business combination also involved a $13 million PIPE investment to support the combined company's growth initiatives.

ZOOZ Power Ltd., led by Executive Chairman Avi Cohen and CEO Boaz Weizer, focuses on accelerating the adoption of electric vehicles by providing innovative ultra-fast charging solutions. ZOOZ has developed proprietary flywheel technology that stores kinetic energy, offering a reliable and sustainable alternative to chemical battery-based systems. Their flagship products include the KPB50 and the ZOOZTER™-100, catering to the growing demand for robust and cost-effective EV charging infrastructure.

The merger with Keyarch is expected to enhance ZOOZ's market presence and expedite its growth plans. This strategic partnership aims to leverage ZOOZ's technological advancements and Keyarch's financial backing to establish a leading position in the EV charging market.

News

ZOOZ Power Ltd. Ordinary Shares and Public Warrants to Trade on Nasdaq on April 5, 2024, as the Business Combination between Keyarch Acquisition Corporation and ZOOZ Power Ltd. Has Been Completed

Rhea-AI Summary
Keyarch Acquisition (KYCH) and ZOOZ Power (ZOOZ) have successfully completed their business combination, leading to ZOOZ being dual-listed on Nasdaq and the Tel-Aviv Stock Exchange. ZOOZ's ordinary shares and public warrants will trade under the ticker symbols 'ZOOZ' and 'ZOOZW' starting April 5, 2024.
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Keyarch Acquisition Corporation Announces Extraordinary General Meeting of Shareholders to Vote on Proposed Business Combination With Zooz Power Ltd.; Form F-4 Declared Effective

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Keyarch Acquisition (KYCH) and ZOOZ Power announce SEC approval for their business combination. Shareholders to vote on the proposal on March 27, 2024. Keyarch's board recommends approval.
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ZOOZ POWER LTD. TO BECOME PUBLICLY TRADED ON NASDAQ THROUGH PROPOSED BUSINESS COMBINATION WITH KEYARCH ACQUISITION CORPORATION

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ZOOZ Power Ltd. (TASE: ZOOZ) and Keyarch Acquisition Corporation (NASDAQ: KYCHU) announce a business combination agreement. ZOOZ will be publicly listed on Nasdaq under the symbol ZOOZ and remain listed on the Tel Aviv Stock Exchange. The transaction values ZOOZ at an agreed equity value of up to $100 million, with a minimum of $10 million net proceeds. ZOOZ focuses on developing flywheel-based power boosting solutions for ultra-fast charging of electrical vehicles (EV), with a strong presence in the US, EU, and Israel.
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FAQ

What is Keyarch Acquisition Corporation?

Keyarch Acquisition Corporation (KYCH) is a Cayman Islands exempted company formed to engage in mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or other business combinations with one or more entities.

Who has Keyarch recently merged with?

Keyarch has recently merged with ZOOZ Power Ltd., a leading provider of flywheel-based power boosting solutions for the EV charging infrastructure market.

What is the significance of the merger with ZOOZ Power Ltd.?

The merger positions ZOOZ for dual-listing on Nasdaq and TASE, enhances its market presence, and includes a $13 million PIPE investment to support growth initiatives.

What products does ZOOZ Power Ltd. offer?

ZOOZ offers power-boosting products such as the KPB50 and ZOOZTER™-100, which use proprietary flywheel technology to provide reliable, sustainable, and cost-effective ultra-fast EV charging solutions.

Who leads ZOOZ Power Ltd.?

ZOOZ is led by Executive Chairman Avi Cohen and CEO Boaz Weizer.

What benefits does ZOOZ’s flywheel technology provide?

ZOOZ’s flywheel technology offers a reliable power booster with high-quality, repeatable performance over hundreds of thousands of charge-discharge cycles, unlike chemical battery-based solutions.

When will ZOOZ's shares and public warrants begin trading on Nasdaq?

ZOOZ’s shares and public warrants will begin trading on Nasdaq under the ticker symbols 'ZOOZ' and 'ZOOZW,' respectively, on April 5, 2024.

What role will Keyarch's chairman play in the combined company?

Fang Zheng, Keyarch’s chairman of the board of directors, will join the combined company’s board of directors.

What is the future focus of ZOOZ Power Ltd. post-merger?

Post-merger, ZOOZ aims to accelerate its growth and establish itself as a market leader in the ultra-fast EV charging infrastructure sector.

Where can I find more information about the merger and the companies involved?

Additional information can be found on the SEC’s website and the companies' respective websites. Keyarch and ZOOZ have also filed detailed reports with the SEC.
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