ZOOZ Power Shareholders Approve $180 million Fundraising to Build Bitcoin Treasury
2025-09-19 13:24:33
ZOOZ Power, a dual-listed company on the Nasdaq and Tel Aviv stock exchanges, announced at the extraordinary general meeting that the company's shareholders have approved the previously announced $180 million fundraising to establish a bitcoin treasury. The company plans to use approximately 95% of the net proceeds of the fundraising (after repayment of outstanding promissory notes) to buy and hold bitcoin, making it the first company to be dual-listed on the Nasdaq and Tel Aviv stock exchanges and officially adopt a bitcoin treasury reserve strategy.
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