9.9% Jiuzi Holdings (NASDAQ: JZXN) stake reported by Sabby group

Rhea-AI Filing Summary

Jiuzi Holdings, Inc. (JZXN) received a Schedule 13G filing showing that Sabby Volatility Warrant Master Fund, Ltd., Sabby Management, LLC and Hal Mintz together report beneficial ownership of 206,273 ordinary shares, representing 9.9% of the outstanding class as of the event date. The filing indicates these shares are held with shared voting and shared dispositive power, and no sole voting or dispositive power.

The reporting persons certify that the securities were not acquired to change or influence control of Jiuzi Holdings and are instead being reported on a passive basis. This positions the Sabby entities and Hal Mintz as significant but non‑controlling shareholders in the company’s ordinary shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Jiuzi Holdings, Inc.

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

G51400151

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G51400151

1

Names of Reporting Persons

SABBY MANAGEMENT, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 206,273.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 206,273.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

206,273.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. G51400151

1

Names of Reporting Persons

Hal Mintz

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 206,273.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 206,273.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

206,273.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. G51400151

1

Names of Reporting Persons

Sabby Volatility Warrant Master Fund, Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 206,273.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 206,273.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

206,273.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Jiuzi Holdings, Inc.
(b)	Address of issuer's principal executive offices: NO.168 QIANJIANG NONGCHANG GENGWEN ROAD, 15TH FL, XIAOSHAN DIST., HANGZHOU CITY, ZHEJIANG PROVINCE, CHINA, 310000
Item 2.
(a)	Name of person filing: Sabby Volatility Warrant Master Fund, Ltd. Sabby Management, LLC Hal Mintz
(b)	Address or principal business office or, if none, residence: Sabby Volatility Warrant Master Fund, Ltd. c/o Captiva (Cayman) Ltd Governors Square, Bldg 4, 2nd Floor 23 Lime Tree Bay Avenue P.O. Box 32315 Grand Cayman KY1-1209 Cayman Islands Sabby Management, LLC 1011 Links Dr. Miami Beach, FL 33109 Hal Mintz c/o Sabby Management, LLC 1011 Links Dr. Miami Beach, FL 33109
(c)	Citizenship: Sabby Volatility Warrant Master Fund, Ltd. - Cayman Islands Sabby Management, LLC - Delaware, USA Hal Mintz - USA
(d)	Title of class of securities: Ordinary Shares
(e)	CUSIP No.: G51400151
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Sabby Volatility Warrant Master Fund, Ltd. - 206,273 Sabby Management, LLC - 5,769,988 Hal Mintz - 5,769,988
(b)	Percent of class: Sabby Volatility Warrant Master Fund, Ltd. - 9.9% Sabby Management, LLC - 9.9% Hal Mintz - 9.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 206,273
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 206,273
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

SABBY MANAGEMENT, LLC

Signature:	/s/ Robert Grundstein
Name/Title:	COO
Date:	01/20/2026

Hal Mintz

Signature:	/S/ HAL MINTZ
Name/Title:	HAL MINTZ
Date:	01/20/2026

Sabby Volatility Warrant Master Fund, Ltd.

Signature:	/s/ Harry Thompson
Name/Title:	Harry Thompson
Date:	01/20/2026

FAQ

What stake in Jiuzi Holdings (JZXN) is reported in this Schedule 13G?

The reporting persons disclose beneficial ownership of 206,273 ordinary shares of Jiuzi Holdings, representing 9.9% of the outstanding class.

Who are the reporting persons in the JZXN Schedule 13G filing?

The filing lists Sabby Volatility Warrant Master Fund, Ltd., Sabby Management, LLC, and Hal Mintz as reporting persons for Jiuzi Holdings’ ordinary shares.

Is the 9.9% JZXN position intended to influence control of Jiuzi Holdings?

No. The reporting persons certify the securities were not acquired and are not held for the purpose of changing or influencing control of Jiuzi Holdings.

What type of filing is this Jiuzi Holdings (JZXN) ownership report?

This is a Schedule 13G filing, which is typically used to report a passive ownership position of more than 5% of a class of registered equity securities.

Do the JZXN reporting persons have sole or shared voting power over the shares?

The filing reports 0 shares with sole voting or dispositive power and 206,273 shares with shared voting and shared dispositive power among the reporting persons.

What class of securities of Jiuzi Holdings (JZXN) is covered in this Schedule 13G?

The Schedule 13G relates to Ordinary Shares of Jiuzi Holdings, Inc., identified by CUSIP G51400151.