On September 22nd, energy management solutions giant ZOOZ Power Ltd. (NASDAQ and TASE: ZOOZ) announced that at its extraordinary shareholders meeting, shareholders voted to approve all proposals related to the company's previously announced $180 million private placement ("PIPE") and bitcoin treasury reserve strategy.
Upon approval, ZOOZ expects to complete PIPE in 2025, subject to customary closing conditions and final documentation. Proceeds from PIPE will be used primarily to initiate ZOOZ's Bitcoin Treasury Reserve strategy. The company plans to use approximately 95% of net proceeds (after repayment of outstanding promissory notes) to purchase and hold Bitcoin.
ZOOZ shareholders approve previously announced $180 million private placement and bitcoin reserve strategy
2025-09-22 11:26:38
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