ZOOZ Completes Initial Private Placement Raising $5M at a Purchase Price of $2 Per Share and Warrants as Part of a Previously Announced $180M Private Placement Transaction
ZOOZ Power Ltd. (Nasdaq/TASE: ZOOZ) has completed an initial private placement of $5 million, marking the first phase of a larger $180 million private placement transaction. The company issued 2.5 million ordinary shares and pre-funded warrants at $2.00 per share, along with warrants to purchase two additional shares at $3.06 per share.
This transaction represents ZOOZ's first step toward becoming the first Nasdaq and TASE dual-listed company to adopt Bitcoin as a treasury asset. Following shareholder approval, ZOOZ plans to allocate approximately 95% of the net proceeds toward its Bitcoin treasury strategy, with the remaining funds used for debt repayment and general corporate purposes.
ZOOZ Power Ltd. (Nasdaq/TASE: ZOOZ) ha completato un collocamento privato iniziale di 5 milioni di dollari, segnando la prima fase di un'operazione più ampia di collocamento privato da 180 milioni di dollari. La società ha emesso 2,5 milioni di azioni ordinarie e warrant prefinanziati al prezzo di 2,00 dollari per azione, insieme a warrant per l'acquisto di due azioni aggiuntive a 3,06 dollari per azione.
Questa operazione rappresenta il primo passo di ZOOZ verso il diventare la prima società quotata sia al Nasdaq che al TASE ad adottare Bitcoin come asset di tesoreria. Dopo l'approvazione degli azionisti, ZOOZ prevede di destinare circa il 95% dei proventi netti alla sua strategia di tesoreria in Bitcoin, utilizzando il resto dei fondi per il rimborso del debito e per scopi aziendali generali.
ZOOZ Power Ltd. (Nasdaq/TASE: ZOOZ) ha completado una colocación privada inicial de 5 millones de dólares, marcando la primera fase de una transacción de colocación privada más grande de 180 millones de dólares. La compañía emitió 2.5 millones de acciones ordinarias y warrants prefinanciados a 2.00 dólares por acción, junto con warrants para comprar dos acciones adicionales a 3.06 dólares por acción.
Esta transacción representa el primer paso de ZOOZ para convertirse en la primera empresa cotizada simultáneamente en Nasdaq y TASE que adopta Bitcoin como activo de tesorería. Tras la aprobación de los accionistas, ZOOZ planea destinar aproximadamente el 95% de los ingresos netos a su estrategia de tesorería en Bitcoin, utilizando los fondos restantes para el pago de deudas y fines corporativos generales.
ZOOZ Power Ltd. (Nasdaq/TASE: ZOOZ)는 500만 달러 규모의 초기 사모 발행을 완료했으며, 이는 총 1억 8천만 달러 규모의 사모 발행 거래의 첫 단계입니다. 회사는 250만 주의 보통주 및 선지급 워런트를 주당 2.00 달러에 발행했으며, 추가로 주당 3.06 달러에 두 주를 구매할 수 있는 워런트도 발행했습니다.
이번 거래는 ZOOZ가 비트코인을 재무 자산으로 채택하는 최초의 나스닥 및 TASE 이중 상장 기업이 되기 위한 첫걸음입니다. 주주 승인 후, ZOOZ는 순수익의 약 95%를 비트코인 재무 전략에 할당하고, 나머지 자금은 부채 상환 및 일반 기업 목적에 사용할 계획입니다.
ZOOZ Power Ltd. (Nasdaq/TASE : ZOOZ) a réalisé un placement privé initial de 5 millions de dollars, marquant la première phase d'une opération de placement privé plus importante de 180 millions de dollars. La société a émis 2,5 millions d'actions ordinaires et des bons de souscription préfinancés au prix de 2,00 dollars par action, ainsi que des bons de souscription permettant d'acheter deux actions supplémentaires à 3,06 dollars par action.
Cette opération représente la première étape de ZOOZ pour devenir la première société cotée simultanément au Nasdaq et au TASE à adopter le Bitcoin comme actif de trésorerie. Après approbation des actionnaires, ZOOZ prévoit d'allouer environ 95% des produits nets à sa stratégie de trésorerie en Bitcoin, le reste des fonds étant destiné au remboursement de la dette et aux besoins généraux de l'entreprise.
ZOOZ Power Ltd. (Nasdaq/TASE: ZOOZ) hat eine erste Privatplatzierung in Höhe von 5 Millionen US-Dollar abgeschlossen, was die erste Phase einer größeren Privatplatzierungstransaktion über 180 Millionen US-Dollar darstellt. Das Unternehmen gab 2,5 Millionen Stammaktien und vorfinanzierte Optionsscheine zu je 2,00 US-Dollar pro Aktie aus, zusammen mit Optionsscheinen zum Kauf von zwei zusätzlichen Aktien zu je 3,06 US-Dollar pro Aktie.
Diese Transaktion stellt den ersten Schritt von ZOOZ dar, das erste Unternehmen zu werden, das sowohl an der Nasdaq als auch an der TASE notiert ist und Bitcoin als Treasury-Asset einführt. Nach der Zustimmung der Aktionäre plant ZOOZ, etwa 95% der Nettoerlöse für seine Bitcoin-Treasury-Strategie zu verwenden, während die verbleibenden Mittel für die Schuldentilgung und allgemeine Unternehmenszwecke eingesetzt werden sollen.
- Initial successful raise of $5M demonstrates investor confidence
- Strategic move to become first Nasdaq/TASE dual-listed company with Bitcoin treasury
- Warrants provide additional upside potential at $3.06 per share
- Debt reduction through repayment of promissory notes
- Significant dilution with 2.5M new shares issued at $2.00 per share
- Additional dilution potential from warrant exercise
- High-risk strategy with 95% of proceeds planned for Bitcoin investment
- Transaction requires shareholder approval for full completion
Insights
ZOOZ secured initial $5M of planned $180M placement, intending to use 95% for Bitcoin treasury strategy after debt repayment.
ZOOZ Power has successfully completed the first phase of its capital raising strategy, securing
The structure of this placement is notable - each share (or pre-funded warrant) at
The immediate use of proceeds focuses on debt reduction through partial repayment of outstanding promissory notes, with the remainder allocated to general corporate purposes. However, the transformative aspect lies in the pending shareholder approval for the full
This strategic pivot toward Bitcoin represents a significant departure from traditional corporate treasury management, potentially aligning ZOOZ with companies like MicroStrategy that have embraced Bitcoin as an inflation hedge and store of value. The appointment of Jordan Fried as CEO also signals this directional shift, given his background in blockchain enterprises.
This marks the first step for ZOOZ to become the first Nasdaq and TASE dual-listed company to adopt Bitcoin as a treasury asset
TEL AVIV, Israel, Aug. 06, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ) (“ZOOZ” or the “Company”) today announced the closing of the initial private placement transaction (the “Initial Private Placement”) in the amount of
The Initial Private Placement is comprised of approximately 2.5 million of its ordinary shares and pre-funded warrants at a purchase price of
“We are pleased to have successfully closed the Initial Private Placement as part of this larger Private Placement financing, which represents an important first step in executing our new Bitcoin reserve strategy,” said Jordan Fried, Chief Executive Officer of ZOOZ. “This initial capital infusion demonstrates investor confidence in our vision, and we look forward to securing shareholder approval for the full
About ZOOZ
ZOOZ is expected to be the first Nasdaq and TASE dual-listed company implementing a long-term strategic Bitcoin treasury. This innovative approach is expected to position ZOOZ as a pioneer and a forward-thinking capital allocator. Shareholders are expected to benefit from long-term, asymmetric upside through direct exposure to Bitcoin. ZOOZ is publicly traded on Nasdaq and TASE under the ticker ZOOZ.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical facts are “forward-looking statements”. These statements may be identified by words such as “aims,” “anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,” “plans,” “possible,” “potential,” “seeks,” “will” and variations of these words or similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this press release include statements regarding the timing, size and completion (including the ability to meet the required closing conditions such as the ability to get shareholder approval) of each of the Private Placement, the anticipated use of proceeds from the Private Placement and the implementation of the Company’s Bitcoin treasury strategy and the potential value to shareholders. These forward-looking statements are based on ZOOZ’s expectations and assumptions as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties that could cause ZOOZ’s future results or performance to differ materially from those expressed or implied by the forward-looking statements. Many factors may cause differences between current expectations and actual results, including: the impacts of macroeconomic conditions, heightened inflation and uncertain credit and financial markets, on ZOOZ’s business and financial position; changes in expected or existing competition; changes in the regulatory environment; unexpected litigation or other disputes; risks related to the new Bitcoin treasury program; the risk that ZOOZ’s share price may be highly correlated to the price of the Bitcoin that it holds; risks relating to significant legal, commercial, regulatory, and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; general market, political, and economic conditions in the countries in which ZOOZ operates, including Israel; and the effect of the evolving nature of the recent war in Israel. Other factors that may cause ZOOZ’s actual results to differ from those expressed or implied in the forward-looking statements in this press release are identified under the heading “Risk Factors” in ZOOZ’s annual report on Form 20-F filed with the SEC on March 7, 2025, and in other filings that ZOOZ makes and will make with the SEC in the future. ZOOZ expressly disclaims any obligation to update any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.
Investor Contact:
Miri Segal – CEO
MS-IR LLC
msegal@ms-ir.com
FAQ
What is the size of ZOOZ Power's private placement and share price?
How does ZOOZ plan to use the proceeds from the private placement?
What makes ZOOZ's Bitcoin strategy significant?
What warrants were issued in ZOOZ's private placement?
Does ZOOZ need additional approvals for the full private placement?
