PANews reported on September 22nd, according to Globenewswire, that energy management solutions giant ZOOZ Power Ltd. (NASDAQ and TASE: ZOOZ) announced that at its special meeting of shareholders, shareholders voted to approve all proposals related to the company's previously announced $180 million private placement ("PIPE") and Bitcoin Treasury Reserve Strategy. Following approval, ZOOZ expects to complete the PIPE during the week of September 22, 2025, subject to customary closing conditions and final documentation. The proceeds from the PIPE will primarily be used to initiate ZOOZ's Bitcoin Treasury Reserve Strategy. The company plans to use approximately 95% of the net proceeds (after repayment of outstanding promissory notes) to purchase and hold Bitcoin.PANews reported on September 22nd, according to Globenewswire, that energy management solutions giant ZOOZ Power Ltd. (NASDAQ and TASE: ZOOZ) announced that at its special meeting of shareholders, shareholders voted to approve all proposals related to the company's previously announced $180 million private placement ("PIPE") and Bitcoin Treasury Reserve Strategy. Following approval, ZOOZ expects to complete the PIPE during the week of September 22, 2025, subject to customary closing conditions and final documentation. The proceeds from the PIPE will primarily be used to initiate ZOOZ's Bitcoin Treasury Reserve Strategy. The company plans to use approximately 95% of the 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 proposals
PANews reported on September 22nd, according to Globenewswire, that energy management solutions giant ZOOZ Power Ltd. (NASDAQ and TASE: ZOOZ) announced that at its special meeting of shareholders, shareholders voted to approve all proposals related to the company's previously announced $180 million private placement ("PIPE") and Bitcoin Treasury Reserve Strategy. Following approval, ZOOZ expects to complete the PIPE during the week of September 22, 2025, subject to customary closing conditions and final documentation. The proceeds from the PIPE will primarily be used to initiate ZOOZ's Bitcoin Treasury Reserve Strategy. The company plans to use approximately 95% of the net proceeds (after repayment of outstanding promissory notes) to purchase and hold Bitcoin.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse
By using this collaboration, ArtGis utilizes MetaXR’s infrastructure to widen access to its assets and enable its customers to interact with the metaverse.
Share
Blockchainreporter2025/09/18 00:07
Ethereum Name Service price prediction 2025-2031: Is ENS a good investment?
Key takeaways: The Ethereum Name Service is a network that enables crypto enthusiasts to rename their cryptocurrency addresses into something simpler, making them easier to remember. Renaming crypto addresses through ENS will enable users to recollect and write them quickly. Even though Ethereum Name Service is based on the Ethereum blockchain, it uses its cryptocurrency, […]
Share
Cryptopolitan2025/09/18 01:38
HYPE Whales Accumulate $27.03M Across Three Wallets, Onchain Lens Data Shows
The post HYPE Whales Accumulate $27.03M Across Three Wallets, Onchain Lens Data Shows appeared on BitcoinEthereumNews.com. In a recent on-chain briefing, COINOTAG
Share
BitcoinEthereumNews2025/12/23 10:52