Jiuzi Holdings Expands Private Placement to $300 Million Following Completed $60 Million Financing

Jiuzi Holdings (Nasdaq: JZXN) said participating investors expanded a private financing after completing an initial $60 million placement, with talks to scale the round to an aggregate $300 million in equivalent cryptocurrency proceeds.

Rhea-AI Summary

Jiuzi Holdings (Nasdaq: JZXN) said participating investors expanded a private financing after completing an initial $60 million placement, with talks to scale the round to an aggregate $300 million in equivalent cryptocurrency proceeds.

The company said the funds would bolster digital asset reserves, optimize asset allocation, accelerate on-chain deployments, and upgrade treasury governance, while custody and compliance measures will follow industry standards. Discussions remain ongoing on final terms, lock-up periods, and asset delivery methods.

Positive

• Initial close completed: $60 million private placement
• Planned expansion to $300 million aggregate private financing
• Proceeds in crypto intended to grow digital asset reserves and enable on-chain product deployment

Negative

• Final terms, lock-up periods, and asset delivery methods remain under negotiation
• Closing of expanded financing is conditional on investor due diligence and agreement on concrete terms

Key Figures

Expanded private placement: $300 million Completed financing: $60 million Shelf registration size: $500,000,000 +5 more

Expanded private placement

$300 million

Target aggregate scale of new crypto-asset financing round

Completed financing

$60 million

Initial private placement already completed prior to expansion

Shelf registration size

$500,000,000

Form F-3 universal shelf capacity filed Dec 12, 2025

Private placement shares

40,000,000 shares at $1.50

Private placement terms disclosed in Feb 12, 2026 6-K

Total purchase price

$60,000,000

Consideration for 40,000,000 shares in Feb 2026 private placement

Ordinary shares outstanding

1,255,785

Shares outstanding as of Oct 31, 2025 per Form 20-F

Accumulated deficit

$87,984,114

Cumulative deficit reported in Form 20-F for year ended Oct 31, 2025

Loss from operations

$10,191,058

Operating loss in year ended Oct 31, 2025

Previous Private placement Reports

2 past events · Latest: Feb 19

Same Type 2 events

1. Feb 19

   Private placement talks

   24h Move

   +23.2%

   Planned expansion of private placement up to $100M at minimum $2 per share.

2. Dec 12

   Placement expansion MOU

   24h Move

   -52.0%

   MOU to expand prior $12M plan to up to $1.0B private placement funding.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

private placement, crypto assets, digital asset treasury, multi-chain ecosystem, +4 more

8 terms

private placement financial

"following the successful completion of its $60 million private placement, participating investors"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

crypto assets technical

"The new funds, to be injected in the form of equivalent crypto assets, will significantly"

Crypto assets are digital tokens secured by cryptography and recorded on decentralized ledgers, used as money, ownership claims, or access rights to services and networks. They matter to investors because their prices can move sharply, offering the potential for big gains or losses, and they can change exposure to new technologies and regulatory risks—think of them as volatile digital commodities or currencies stored in a digital wallet.

digital asset treasury technical

"to bolster its Digital Asset Treasury strategy."

A digital asset treasury is a collection of digital items like cryptocurrencies or tokens that a company or organization owns and manages. It’s important because it helps them store, protect, and use these digital assets for business needs, investments, or future growth, much like a cash reserve but in digital form.

multi-chain ecosystem technical

"technical expertise in multi-chain ecosystem deployment, cross-chain protocol integration, and liquidity"

A multi-chain ecosystem is a group of different blockchain networks that are designed to work together so tokens, contracts and data can move between them. Like highways connecting separate cities, it broadens access and liquidity, reduces dependence on a single platform, and can spur new products and users. For investors this matters because it can expand market opportunities and diversify technical or platform risk, but it also adds complexity and interoperability uncertainty.

cross-chain protocol integration technical

"multi-chain ecosystem deployment, cross-chain protocol integration, and liquidity routing, Jiuzi will"

Cross-chain protocol integration connects different blockchain networks so tokens, data, or smart contracts can move and interact across them, like bridges linking separate islands so people and goods can travel freely. For investors, it matters because integration can increase the usable market for a project, boost liquidity and user access, and enable new product features, while also introducing technical and security considerations that can affect value.

liquidity routing technical

"cross-chain protocol integration, and liquidity routing, Jiuzi will expedite the test deployment"

Liquidity routing is the process that trading systems use to send a buy or sell order to the exchange or trading platform most likely to find a counterparty and the best price. Think of it as a GPS for orders that looks across multiple marketplaces to get a faster fill or a better price; for investors it affects how much you actually pay or receive, how quickly trades complete, and the chance an order is partially filled or delayed.

Regulation S regulatory

"including Section 4(a)(2) and Regulation S. This press release does not constitute"

Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

Section 4(a)(2) regulatory

"pursuant to exemptions from the registration requirements of the Securities Act of 1933, as amended, including Section 4(a)(2)"

Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.

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HANGZHOU, March 02, 2026 (GLOBE NEWSWIRE) -- Jiuzi Holdings, Inc. (Nasdaq: JZXN) ("Jiuzi" or the "Company") today announced that, following the successful completion of its $60 million private placement, participating investors are proceeding to expand the private financing to an aggregate scale of $300 million.

According to the Company, since the completion of the initial $60 million private placement, the institutional building capabilities and capital deployment efficiency demonstrated by the DAT strategy have continued to attract significant market attention. Multiple investment institutions that participated in the initial round have expressed clear interest in additional subscriptions, while several new investors have initiated internal due diligence processes with the intention of joining this expanded round. The parties are currently engaged in in-depth discussions regarding specific terms, including the expanded scale, lock-up periods, and asset delivery methods.

The Company indicated that the successful closing of this expanded financing would enable Jiuzi to achieve critical breakthroughs in the following dimensions:

● Expansion of treasury asset scale: The new funds, to be injected in the form of equivalent crypto assets, will significantly strengthen the Company's digital asset reserves, enhancing the treasury's carrying capacity and rebalancing flexibility under varying market conditions;

● Optimization of asset allocation structure: Leveraging the partner institutions' expertise in risk pricing, on-chain allocation, and duration management, the Company will further enhance the structural depth and counter-cyclical resilience of its treasury;

● Acceleration of on-chain application deployment: Building on the partners' technical expertise in multi-chain ecosystem deployment, cross-chain protocol integration, and liquidity routing, Jiuzi will expedite the test deployment of cross-chain asset management interfaces and the substantive implementation of on-chain financial applications;

● Improvement of treasury governance framework: The Company will continue to develop institutional prototypes across dimensions such as digital asset admission standards, on-chain audit procedures, risk exposure limit management, and compliant custody pathways, establishing a replicable governance architecture for larger-scale, higher-frequency asset allocation.

Tao Li, Chief Executive Officer of JZXN, stated, "This significant investment in cryptocurrency reflects strong confidence from our investors in Chijet's strategic vision and operational capabilities. The proceeds provide substantial financial flexibility to advance our secure crypto custody infrastructure and pursue strategic acquisitions within the rapidly evolving digital asset storage ecosystem."

The cryptocurrency proceeds will be securely custodied in accordance with industry-leading standards, ensuring asset protection and compliance with applicable regulations. The offering was conducted pursuant to exemptions from the registration requirements of the Securities Act of 1933, as amended, including Section 4(a)(2) and Regulation S.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For investor and media inquiries, please contact:

Iris@jzxn.com

FAQ

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What financing did Jiuzi Holdings (JZXN) complete on March 2, 2026?

Jiuzi completed an initial $60 million private placement, according to the company. The company said participating investors agreed to expand the round toward an aggregate $300 million, with further terms and investor subscriptions under discussion.

How will the expanded $300 million private placement affect JZXN's treasury?

The funding will expand Jiuzi's digital asset reserves and treasury carrying capacity, according to the company. Management said proceeds—delivered as equivalent crypto assets—will improve allocation flexibility and support on-chain asset management and deployment.

Will Jiuzi Holdings (JZXN) custody the cryptocurrency proceeds securely?

Yes, the company stated the cryptocurrency proceeds will be securely custodied following industry-leading standards. According to the company, custody and compliance measures will be applied to protect assets and align with applicable regulations.

Is the $300 million expanded financing for JZXN finalized and closed?

No, the expanded $300 million financing is not yet finalized; terms remain under negotiation, according to the company. Parties are discussing scale, lock-up periods, and asset delivery methods while new investors conduct due diligence.

What strategic uses did Jiuzi (JZXN) list for the crypto proceeds?

The company said proceeds will optimize asset allocation, accelerate on-chain application deployment, and strengthen treasury governance. According to the company, partners' technical and risk-pricing expertise will support implementation and cross-chain integrations.

Under what legal basis was the JZXN private offering conducted?

The offering was conducted under exemptions from registration, including Section 4(a)(2) and Regulation S, according to the company. The company also noted this release does not constitute an offer to sell or solicitation to buy securities.