Accessibility StatementSkip Navigation TEL AVIV, Israel, Oct. 28, 2025 /PRNewswire/ --Â ZOOZ Strategy Ltd. (Nasdaq: ZOOZ) (TASE: ZOOZ) announced today that it has acquired an additional 94 Bitcoin at an average price of $ 112 thousand per Bitcoin, representing a total consideration per such Bitcoin of approximately $10 million. With this latest purchase, ZOOZ's total Bitcoin holdings now stand at 1,036 Bitcoin. This continued accumulation reflects ZOOZ's commitment to its long-term Bitcoin treasury strategy ...

TEL AVIV, Israel, Oct. 16, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ) today announced that it has completed an additional purchase of 88.888 Bitcoin at an average price of $112,500 per Bitcoin, for a total consideration of $10 million. Following this acquisition, the Company’s total Bitcoin treasury now amounts to approximately 942 Bitcoin. This step marks another milestone in strengthening ZOOZ’s position as one of the first companies globally to execute a long-term institutional Bitc ...

With 854 Bitcoin now held in its treasury, ZOOZ continues executing its bitcoin treasury reserve strategy , /PRNewswire/ -- ZOOZ Power Ltd. (NASDAQ: ZOOZ) (TASE: ZOOZ) ('ZOOZ' or the 'Company') today announced that it has completed an additional purchase of 329Â bitcoin for around $40 million, bringing its total bitcoin holdings to 854 bitcoin valued at more than $100 million. This milestone marks a significant step forward in the execution of ZOOZ's bitcoin treasury reserve strategy. ZOOZ is the first NIS ...

Core Insights - ZOOZ Power Ltd. has initiated a bitcoin treasury reserve strategy, marking a significant shift in its capital allocation approach [1][6] - The company successfully closed a private placement, raising net cash proceeds of $159 million, with approximately 95% allocated for bitcoin acquisition [5][3] - ZOOZ has purchased approximately 525 bitcoins for a total of $60 million, officially launching its treasury program [1][3] Financial Highlights - The private placement was initially announced on July 29, 2025, and received shareholder approval on September 19, 2025 [1] - The company filed a shelf registration statement allowing it to raise up to $1 billion in additional capital [1] - The financing includes $5 million from the July 2025 PIPE and the potential for an additional $3 million [5] Strategic Direction - ZOOZ aims to deploy capital efficiently into bitcoin and provide clear BTC-per-share reporting to investors [2] - The company emphasizes disciplined risk management to ensure market understanding of its long-term intentions [2] - The board of directors has been reconstituted with new appointments following shareholder approval [5] Market Position - ZOOZ is the first dual-listed company on Nasdaq and TASE implementing a long-term strategic bitcoin treasury [6] - This innovative approach is expected to position ZOOZ as a pioneer in capital allocation, providing shareholders with long-term exposure to bitcoin [6]

NEW: Nasdaq-listed ZOOZ Power approves plan to buy $180 MILLION Bitcoin for its treasury. 🚨95% of proceeds will go directly into BTC. 🔥 https://t.co/EI3qClZfGq ...

Core Viewpoint - ZOOZ Power Ltd. has received shareholder approval for a $180 million private placement and a Bitcoin Treasury Reserve Strategy, positioning itself as a pioneer in the dual-listed market on Nasdaq and TASE [1][4]. Group 1: Private Placement Details - The company plans to close the PIPE during the week of September 22, 2025, pending customary closing conditions and final documentation [1]. - The PIPE will involve the issuance of ordinary shares and warrants, including $5 million sold in the initial private placement [7]. Group 2: Bitcoin Treasury Reserve Strategy - Approximately 95% of the net proceeds from the PIPE will be allocated to purchase and hold Bitcoin, making ZOOZ the first dual-listed company to adopt such a strategy [3]. - This strategy is expected to evolve ZOOZ's treasury into a strategic asset that drives growth, stability, and differentiation in the market [4][5]. Group 3: Leadership and Advisory - Jordan Fried, CEO of ZOOZ, emphasized the seamless access for U.S. and Israeli investors to the company's Bitcoin treasury model [4]. - Chardan is acting as the sole placement agent, with Cooley LLP and Shibolet & Co. serving as legal advisors in the U.S. and Israel, respectively [5].

Financial Performance - Total revenues for the six months ended June 30, 2025, were $247 thousand, a decrease of 54.5% compared to $543 thousand for the same period in 2024[9] - Gross loss for the six months ended June 30, 2025, was $1,545 thousand, compared to a gross loss of $208 thousand in the same period of 2024[9] - Net loss for the six months ended June 30, 2025, was $7,045 thousand, an increase of 34.4% from a net loss of $5,237 thousand in the same period of 2024[9] - For the six months ending June 30, 2025, the company reported net losses of $7,045 thousand compared to $5,237 thousand for the same period in 2024, indicating a 34.5% increase in losses year-over-year[39] - The company experienced negative cash flows from operating activities amounting to $4,950 thousand for the six months ending June 30, 2025, compared to $6,040 thousand for the same period in 2024, reflecting a 17.9% improvement[39] Assets and Liabilities - Total current assets decreased to $4,442 thousand as of June 30, 2025, down 58.3% from $10,653 thousand as of December 31, 2024[7] - Total liabilities increased to $6,697 thousand as of June 30, 2025, compared to $6,119 thousand as of December 31, 2024, reflecting a rise of 9.5%[7] - Cash and cash equivalents decreased to $2,452 thousand as of June 30, 2025, down 67.5% from $7,532 thousand as of December 31, 2024[7] - The company recorded an inventory write-off of $1,227 thousand for the six months ended June 30, 2025, compared to $185 thousand for the same period in 2024, indicating a substantial increase in inventory losses[59] - The total contingent obligation as of June 30, 2025, amounts to $2.5 million, reflecting the company's commitments to pay royalties to governmental institutions[61] Financing and Capital Management - The company is seeking additional financing to continue operations, including research and development, with no assurance of success in obtaining necessary funds[42] - The company issued 39,508 ordinary shares under the SEPA agreement, raising $34 thousand, reflecting ongoing efforts to enhance capital[33] - The company entered into a sales agreement allowing for the issuance of ordinary shares with a potential gross sales price of up to $10,950,000[76] - On August 1, 2025, the company sold 106,200 ordinary shares for a net amount of $228,629 after transaction costs[77] - The company received gross proceeds of $5.0 million from an Initial Private Placement transaction, which will be used for repaying outstanding promissory notes and general corporate purposes[79] - The company agreed to sell 1,000,000 ordinary shares and warrants to acquire 5,000,000 ordinary shares at a purchase price of $2.00 per share in a private placement[78] Management and Corporate Governance - The company appointed Jordan Fried as the new CEO, with a compensation structure including a nominal salary and performance-based restricted stock units[88] - The Chairman RSUs constitute 2.5% of all outstanding Ordinary Shares, amounting to 837,963 shares[94] - The Chairman RSUs will vest over a 4-year period, with 25% vesting after 12 months and the remainder vesting monthly thereafter[95] - Keywise Discovery Master Fund has committed to invest $8 million in the Subsequent Private Placement for Ordinary Shares[96] - Mr. Fang Zheng holds approximately 2,369,550 Ordinary Shares, representing 19.5% of the issued and outstanding share capital[97] - The disclosed Ordinary Share ownership does not include 1,120,000 shares placed in escrow, which may be released upon achieving certain milestones[97] Strategic Initiatives - The company has initiated a company-wide cost reduction and restructuring initiative aimed at reducing operating costs[33] - In July 2025, the company adopted bitcoin as its primary treasury reserve asset, indicating a strategic shift in asset management[35] - The company finalized a merger deal with a SPAC on April 4, 2024, which included an investment of $10.875 million[40] - Approximately 15% of the company's employees have been called to reserve duty in the Israel Defense Forces as of July 15, 2025, but the company expects no material impact on business results in the short term[38] Accounting and Compliance - The fair value of the company's warrants liability increased from $331 thousand as of December 31, 2024, to $435 thousand as of June 30, 2025, reflecting changes in fair value[64] - The company adopted ASU 2023-08 effective January 1, 2025, which requires crypto assets to be measured at fair value, although it currently holds no digital assets[53] - The company recognized a total share-based payment expense of $59 thousand for the six months ended June 30, 2025, compared to $264 thousand for the same period in 2024, reflecting a decrease of approximately 77%[71] - The company had a promissory note balance of $2,231 thousand as of June 30, 2025, an increase from $2,151 thousand as of December 31, 2024[72] - As of June 30, 2025, the company had 880,617 outstanding options with a weighted average exercise price of $6.06 and a remaining contractual life of 7.09 years[68]

Core Viewpoint - ZOOZ Power Ltd. is taking significant steps to become the first dual-listed company on Nasdaq and TASE to adopt Bitcoin as a treasury asset, with a focus on enhancing long-term shareholder value through a strategic Bitcoin reserve [1][4]. Group 1: Private Placement Details - The company closed an initial private placement transaction amounting to $5 million, part of a larger $180 million private placement with accredited institutional investors [1][2]. - The initial private placement consists of approximately 2.5 million ordinary shares and pre-funded warrants at a purchase price of $2.00 per share, with each share or warrant issued alongside a warrant to purchase two ordinary shares at an exercise price of $3.06 [2]. Group 2: Use of Proceeds - ZOOZ plans to allocate approximately 95% of the net proceeds from the private placement towards launching its Bitcoin treasury strategy after repaying outstanding promissory notes, with the remainder for general corporate purposes [1][3]. Group 3: Management's Perspective - The CEO of ZOOZ expressed satisfaction with the successful closure of the initial private placement, highlighting it as a crucial first step in executing the new Bitcoin reserve strategy and demonstrating investor confidence in the company's vision [3].

ZOOZ to become the first Nasdaq and TASE dual-listed company to hold Bitcoin in its treasury The Board of Directors of the Company has approved the new strategy, which provides investors with exposure to Bitcoin Jordan Fried to become CEO to lead the first Israeli digital asset treasury strategy Largest offering by a Non-US Listed Company to launch a digital asset treasury strategy TEL AVIV, Israel, July 29, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power Ltd. (Nasdaq and TASE: ZOOZ) (“ZOOZ” or the “Company”) today an ...

Board of Directors Announces Restructuring Plan Tel Aviv, Israel, June 23, 2025 (GLOBE NEWSWIRE) -- ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems for enabling ultra-fast EV charging solutions, announced today that its board of directors has approved a plan to explore additional strategic alternatives to fully capitalize on its advanced, patented flywheel technology. Over the past several months, ZOOZ Power has engaged in ongoing discuss ...