ZOOZ Shareholders Approve Previously Announced $180 Million Private Placement and Bitcoin Treasury Reserve Strategy, Along with All Related Proposals
ZOOZ Power (Nasdaq/TASE: ZOOZ) announced that shareholders have approved all proposals related to its $180 million private placement (PIPE) and Bitcoin Treasury Reserve Strategy at an Extraordinary General Meeting. The company expects to close the PIPE during the week of September 22, 2025.
The approved proposals include the issuance of ordinary shares and warrants, increase in authorized share capital, and election of new board members. Notably, ZOOZ plans to allocate approximately 95% of the net proceeds to purchase and hold Bitcoin, positioning itself to become the first dual-listed Nasdaq and TASE company to implement a Bitcoin treasury reserve strategy.
ZOOZ Power (Nasdaq/TASE: ZOOZ) ha annunciato che gli azionisti hanno approvato tutte le proposte collegate al 180 milioni di dollari di private placement (PIPE) e alla Bitcoin Treasury Reserve Strategy durante una Assemblea Generale Straordinaria. L'azienda prevede di chiudere il PIPE durante la settimana del 22 settembre 2025.
Le proposte approvate includono l'emissione di azioni ordinarie e warrant, l'aumento del capitale autorizzato e l'elezione di nuovi membri del consiglio. In particolare, ZOOZ intende destinare circa il 95% dei proventi netti all'acquisto e alla detenzione di Bitcoin, posizionandosi per diventare la prima azienda quotata sia sul Nasdaq che sul TASE ad implementare una strategia di tesoreria in Bitcoin.
ZOOZ Power (Nasdaq/TASE: ZOOZ) anunció que los accionistas aprobaron todas las propuestas relacionadas con su colocación privada de 180 millones de dólares (PIPE) y la Bitcoin Treasury Reserve Strategy en una Junta General Extraordinaria. la empresa espera cerrar el PIPE durante la semana del 22 de septiembre de 2025.
Las propuestas aprobadas incluyen la emisión de acciones ordinarias y warrants, incremento del capital social autorizado y la elección de nuevos miembros de la junta. Cabe destacar que ZOOZ planea destinar aproximadamente el 95% de los ingresos netos a la compra y tenencia de Bitcoin, posicionándose para convertirse en la primera empresa cotizada en Nasdaq y TASE en implementar una estrategia de reserva de tesorería en Bitcoin.
ZOOZ Power (나스닥/ TASE: ZOOZ)가 주주들이 1억 8천만 달러 규모의 비공개 배정(PIPE) 및 비트코인 보유고 전략에 관한 모든 제안을 승인했다고 공시했다. 기업은 PIPE를 2025년 9월 22일 주 주간에 마감할 것으로 기대하고 있다.
승인된 제안에는 보통주와 워런트 발행, 승인된 자본금 증대, 이사회 신임 선출이 포함된다. 특히 ZOOZ는 순수익의 약 95%를 비트코인 매입 및 보유에 할당할 계획으로, 나스닥과 TASE 양대 거래소에 상장된 최초의 비트코인 보유 전략을 구현하는 회사가 될 가능성을 갖게 된다.
ZOOZ Power (Nasdaq/TASE : ZOOZ) a annoncé que les actionnaires ont approuvé toutes les propositions relatives à son placement privé de 180 millions de dollars (PIPE) et à la Bitcoin Treasury Reserve Strategy lors d'une Assemblée Générale Extraordinaire. L'entreprise prévoit de finaliser le PIPE au cours de la semaine du 22 septembre 2025.
Les propositions approuvées incluent l’émission d’actions ordinaires et de warrants, l’augmentation du capital autorisé et l’élection de nouveaux membres du conseil d’administration. À noter, ZOOZ prévoit d’allouer environ 95 % des produits nets à l’achat et à la détention de Bitcoin, se positionnant pour devenir la première entreprise cotée sur le Nasdaq et le TASE à mettre en œuvre une stratégie de réserve de trésorerie en Bitcoin.
ZOOZ Power (Nasdaq/TASE: ZOOZ) hat bekannt gegeben, dass die Aktionäre alle Vorschläge im Zusammenhang mit der 180-Millionen-Dollar-Private-Placement (PIPE) und der Bitcoin Treasury Reserve Strategy auf einer außerordentlichen Generalversammlung genehmigt haben. Das Unternehmen erwartet, den PIPE in der Woche vom 22. September 2025 abzuschließen.
Zu den genehmigten Vorschlägen gehören die Ausgabe von Stammaktien und Warrants, eine Erhöhung des genehmigten Kapitals sowie die Wahl neuer Vorstandsmitglieder. Bemerkenswert ist, dass ZOOZ plant, etwa 95 % der Nettomittel für den Kauf und die Haltung von Bitcoin zu verwenden, wodurch es sich positionieren soll, als erstes Unternehmen, das sowohl an Nasdaq als auch am TASE notiert ist, um eine Bitcoin-Treasury-Reserve-Strategie umzusetzen.
ZOOZ Power (ناسداك/ TASE: ZOOZ) أعلنت أن المساهمين وافقوا على جميع المقترحات المتعلقة بـ طرح خاص بقيمة 180 مليون دولار (PIPE) واستراتيجية احتياطي الخزانة من البيتكوين خلال اجتماع الجمعية العامة غير العادي. وتتوقع الشركة إغلاق PIPE خلال أسبوع 22 سبتمبر 2025.
تشمل المقترحات المعتمدة إصدار أسهم عادية وطرح أسهم مكتنطة، وزيادة رأس المال المخول، وانتخاب أعضاء مجلس إدارة جدد. ومن الجدير بالذكر أن ZOOZ تخطط لتخصيص حوالي 95% من صافي العائدات لشراء واحتفاظ بالبيتكوين، مما يمكّنها من أن تصبح أول شركة مدرجة في كل من Nasdaq وTASE لتنفيذ استراتيجية احتياطي الخزانة من البيتكوين.
ZOOZ Power（纳斯达克/TASE：ZOOZ）宣布，股东在一次特别股东大会上已通过与其1.8亿美元私募发行（PIPE）及比特币金库储备策略相关的所有提案。公司预计在2025年9月22日当周完成PIPE。
通过的提案包括发行普通股和权证、增加授权资本以及选举新董事会成员。值得注意的是，ZOOZ计划将约95%的净收益用于购买和持有比特币，使其有望成为首家在纳斯达克和TASE同时上市并执行比特币金库储备策略的公司。
- Secured substantial $180 million private placement funding
- Will become first Nasdaq/TASE dual-listed company with Bitcoin treasury strategy
- 95% of net proceeds allocated to Bitcoin holdings, showing strong commitment to crypto strategy
- Strengthened board with addition of two new directors
- Significant concentration risk with 95% of proceeds allocated to volatile Bitcoin
- Substantial shareholder dilution from new share issuance
- Departure from traditional treasury management practices may increase risk profile
Insights
ZOOZ's $180M raise and Bitcoin treasury strategy represents a pioneering move for a dual-listed company, signaling institutional cryptocurrency adoption.
ZOOZ Power's shareholder approval of their
This move positions ZOOZ as a first-mover in institutional Bitcoin adoption within the dual-listed space, creating a unique investment vehicle that blends traditional equity characteristics with cryptocurrency exposure. The strategic allocation demonstrates a substantial commitment, with nearly the entire capital raise dedicated to building Bitcoin reserves rather than operational expansion.
The timing aligns with increasing institutional acceptance of cryptocurrency as a treasury asset, though this approach carries significant volatility risk compared to traditional cash reserves. The market's reaction will likely depend on Bitcoin's performance, potentially amplifying both upside and downside movements in ZOOZ's valuation.
The company has secured robust advisory support from established firms including Chardan as placement agent and Cooley LLP for legal guidance, providing institutional credibility to this unconventional treasury strategy. The election of new board members coinciding with this strategic shift suggests governance alignment with the new direction.
For investors, ZOOZ now represents a novel hybrid investment – a publicly-traded company functioning partially as a Bitcoin holding vehicle with the compliance frameworks of dual-listed status, creating a regulated gateway to cryptocurrency exposure.
Approval positions ZOOZ to become the first Nasdaq and TASE dual-listed company to hold Bitcoin in its treasury
TEL AVIV, Israel, Sept. 19, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ) (“ZOOZ” or the “Company”) today announced that at its Extraordinary General Meeting, shareholders voted to approve all proposals related to the Company’s previously announced
Following this approval, ZOOZ expects to close the PIPE during the week of September 22, 2025, subject to customary closing conditions and final documentation.
Key Proposals Approved
- Issuance of Ordinary Shares and Warrants in connection with the
$180 million PIPE, including$5 million sold in the initial private placement - Amendment to the Company’s Articles of Association to increase the authorized share capital
- Election of Alberto Franco and Jonas Grossman to the Company’s Board of Directors upon the Closing Date
- Nasdaq Approval necessary to implement the transaction and ensure continued compliance with Nasdaq and TASE listing requirements
Bitcoin Treasury Reserve Strategy
Proceeds from the PIPE will primarily be used to launch ZOOZ’s Bitcoin Treasury Reserve Strategy. The Company intends to allocate approximately
“As ZOOZ solidifies its position as a dual-listed Bitcoin treasury pioneer, U.S. and Israeli investors will now have seamless access to our model,” said Jordan Fried, Chief Executive Officer of ZOOZ. “With shareholder approval secured, we are poised to leverage every resource available to a dual-listed entity to scale our Bitcoin holdings.” Our treasury is evolving into a strategic asset, one that will drive growth, stability, and differentiation while signaling to crypto-native and innovation-focused stakeholders that ZOOZ is at the forefront.
Advisors
Chardan is acting as sole placement agent to ZOOZ
Cooley LLP is acting as U.S. legal advisor to ZOOZ
Shibolet & Co. is acting as Israeli legal advisor to ZOOZ
Goodwin Procter LLP is acting as U.S. legal advisor to Chardan
Sullivan & Worcester LLP is acting as Israeli legal advisor to Chardan
MS-IR LLC is acting as U.S. investor relations advisor
PwC Israel are the independent auditors of ZOOZ
About ZOOZ
Upon the closing of the PIPE, ZOOZ will 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) of the PIPE, the anticipated use of proceeds from the PIPE 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 stock 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 purpose; 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
How much is ZOOZ Power's private placement worth and when will it close?
What percentage of ZOOZ's PIPE proceeds will be used to buy Bitcoin?
Who are the new board members joining ZOOZ Power?
Why is ZOOZ Power's Bitcoin strategy significant?
Who are the key advisors for ZOOZ Power's private placement?
