Jiuzi Holdings, Inc. Announces Up to $30 Million Private Placement for Cryptocurrency Acquisition

Rhea-AI Summary

Jiuzi Holdings (NASDAQ: JZXN) has announced a significant private placement offering targeting up to $30 million in gross proceeds through the issuance of units to non-U.S. institutional investors. Each unit consists of one common stock share (priced at $0.42 per share) and three warrants.

The warrants are exercisable for three years at $0.50 per share and may be exercised on a cashless basis under certain conditions. Notably, the company plans to use the net proceeds primarily for cryptocurrency purchases. The offering is being conducted under Securities Act exemptions, including Regulation S and Section 4(a)(2).

Positive

• Potential to raise up to $30 million in gross proceeds
• Strategic expansion into cryptocurrency market
• Warrants provide additional funding potential over 3-year period

Negative

• Significant dilution potential from share issuance and warrants
• High-risk allocation of proceeds to volatile cryptocurrency assets
• Substantial discount to market price in unit offering

HANGZHOU, China, Oct. 2, 2025 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company") today announced that it has entered into securities purchase agreements with certain non-U.S. institutional investors for a private placement offering to raise gross proceeds of up to US$30 million through the issuance of units (each consisting of common stock and warrants). The net proceeds raised will primarily be used to purchase cryptocurrencies.

Each unit comprises one share of common stock having a par value of US$0.00039 per share (issued at a price of US$0.42 per share) and three warrants. Each warrant is exercisable within three years from the date of issuance at an exercise price of US$0.50 per share for one share of common stock. Under specific circumstances, these warrants may be exercised on a cashless basis.

This offering is being made in reliance on exemptions from registration under the Securities Act of 1933, as amended (the "Securities Act"), including Regulation S and Section 4(a)(2) thereof.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any state or other jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Jiuzi Holdings, Inc.

Jiuzi Holdings, Inc. is a leading provider of intelligent charging infrastructure for new energy vehicles in China's third- and fourth-tier cities. The company focuses on high-power DC fast charging stations integrated with energy storage capabilities and plans to continuously expand its smart charging network by 2026, supporting China's carbon neutrality goals and promoting sustainable transportation development. For more information, please visit jzxn.com.

View original content:https://www.prnewswire.com/news-releases/jiuzi-holdings-inc-announces-up-to-30-million-private-placement-for-cryptocurrency-acquisition-302573613.html

SOURCE Jiuzi Holdings, Inc

FAQ

What is the purpose of JZXN's $30 million private placement offering?

The private placement aims to raise up to $30 million, with net proceeds primarily intended for purchasing cryptocurrencies.

What are the key terms of JZXN's private placement units?

Each unit includes one common stock share at $0.42 and three warrants exercisable at $0.50 per share for three years.

How will JZXN's private placement affect existing shareholders?

The offering will likely cause significant dilution to existing shareholders through both the initial share issuance and potential warrant exercises.

Who can participate in JZXN's private placement offering?

The offering is exclusively available to non-U.S. institutional investors and is being conducted under Securities Act exemptions including Regulation S.

What is the warrant exercise period and price for JZXN's offering?

The warrants are exercisable for three years from issuance at $0.50 per share, with potential cashless exercise under specific conditions.