Company Strategy - ZOOZ Power, a Nasdaq-listed company, approves plan to allocate $180 million to purchase Bitcoin for its treasury [1] - 95% of the $180 million proceeds will be directly invested into Bitcoin (BTC) [1]

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].

Core Insights - ZOOZ Power Ltd. is set to become the first dual-listed company on Nasdaq and TASE to hold Bitcoin in its treasury, providing investors with exposure to digital assets [1][4] - The company has announced a $180 million private placement (PIPE) to fund its Bitcoin Reserve Strategy, with a share price of $1.00 per ordinary share [1][5] - Jordan Fried, a technology entrepreneur, will assume the role of CEO to lead the digital asset treasury strategy [2][3] Financial Strategy - The PIPE involves the sale of 180 million ordinary shares and pre-funded warrants, subject to shareholder approval, with strategic investors participating [1][5] - Approximately 95% of the net proceeds from the PIPE will be allocated to executing the Bitcoin treasury strategy, with the remainder for general corporate purposes [5][6] - An initial private placement is also planned, expected to raise $5 million by selling 2.5 million ordinary shares at $2.00 each [7] Leadership and Governance - Jordan Fried will begin his role as CEO on July 31, 2025, focusing on the digital asset strategy while the current CEO will continue overseeing the company's core energy solutions [2][3] - The Board of Directors has nominated additional members to support the company's strategic direction [3] Market Positioning - ZOOZ aims to leverage its dual-listed status to enhance its Bitcoin holdings and attract innovation-focused stakeholders [3][4] - The company believes that incorporating Bitcoin into its treasury will align it with a digital future and enhance long-term shareholder value [4] Historical Context - Bitcoin has shown an approximate 82% compound annual growth rate (CAGR) over the past decade, indicating its potential as a strategic asset [3]

Core Insights - ZOOZ Power's board of directors has approved a plan to explore strategic alternatives to leverage its patented flywheel technology [2] - The company is conducting a proof of concept (POC) with a defense electronics company to develop a short-duration power booster for challenging environments, which could expand its market applications [3][5] - A company-wide cost reduction initiative aims to decrease operating costs by approximately 35%, enhancing business flexibility and focus on high-growth areas [4][5] Company Overview - ZOOZ Power specializes in flywheel-based power boosters and energy management systems, facilitating ultra-fast EV charging solutions [2][6] - The company's flywheel technology is designed to optimize power management at EV charging sites, providing reliable and cost-effective infrastructure [7] - ZOOZ Power's solutions are environmentally sustainable, promoting the deployment of fast-charging infrastructure and improving efficiency and profitability for its customers [8]

Core Insights - ZOOZ Power is a leading provider of flywheel-based power boosters and energy management systems aimed at enabling ultra-fast EV charging solutions [3][4] - The company will present at the 2025 Aegis Capital Corp. Virtual Conference on May 22, 2025, showcasing its latest developments [1][2] Company Overview - ZOOZ Power specializes in intelligent, flywheel-based energy-boosting solutions that facilitate the rapid deployment of ultra-fast EV charging infrastructure without requiring costly grid upgrades [3] - The company addresses the increasing consumer demand for ultra-fast charging amidst the limitations of existing electrical grids [3] Technology and Solutions - ZOOZ's proprietary flywheel technology allows Charging Point Operators (CPOs) and fleet owners to overcome local grid limitations, providing high-performance, sustainable, and cost-effective power-boosting systems [4] - The solutions offered by ZOOZ Power enhance grid efficiency and flexibility while ensuring reliable ultra-fast charging capabilities [4] Business Impact - ZOOZ Power's solutions are engineered for long-term durability and environmental sustainability, aiding customers in accelerating infrastructure rollout, optimizing utilization, and driving faster revenue and profitability growth [5]

Core Insights - ZOOZ Power has successfully deployed its ZOOZTER-100 kinetic power booster at a New York Power Authority (NYPA) work site, marking its first technology implementation in a U.S. power utility, which is a significant advancement for ultra-fast EV charging adoption in grid-constrained areas [1][3] Group 1: Technology and Deployment - The ZOOZTER-100 system enhances grid power and efficiency at a high-power EV charging station, facilitating faster charging for NYPA's fleet and other electric vehicles while intelligently managing energy distribution [2][4] - The flywheel technology utilized by ZOOZ Power allows for high-power bursts to chargers without overloading the local grid, presenting a sustainable and cost-effective solution for expanding charging infrastructure [2][6] Group 2: Strategic Importance - The collaboration with NYPA is being closely monitored to optimize operations and evaluate the potential for broader implementation at additional sites, indicating ZOOZ Power's strategic focus on expanding its presence in North America [3][4] - The deployment at NYPA exemplifies ZOOZ Power's commitment to supporting the transition to cleaner transportation through innovative energy-efficient solutions [4][5] Group 3: Company Overview - ZOOZ Power specializes in flywheel-based power boosting and energy management solutions, aimed at overcoming existing grid limitations to enable widespread ultra-fast charging infrastructure for electric vehicles [5][6] - The company's technology is designed to improve utilization rates, efficiency, flexibility, and accelerate revenue and profitability growth for its customers and partners [7]

Core Viewpoint - ZOOZ Power has successfully deployed its ZOOZTER™-100 kinetic power booster at a New York Power Authority work site, marking its first technology implementation in a U.S. power utility, which is a significant advancement for ultra-fast EV charging solutions in grid-constrained areas [1][3]. Group 1: Technology and Implementation - The ZOOZTER™-100 system enhances grid power and efficiency at a high-power EV charging station, allowing for faster charging for NYPA's fleet and other electric vehicles while intelligently managing energy distribution [2][4]. - The flywheel technology utilized by ZOOZ Power provides high-power bursts to chargers without overloading the local grid, presenting a sustainable and cost-effective solution for expanding charging infrastructure [2][6]. Group 2: Strategic Importance - The deployment at NYPA is a critical step in ZOOZ Power's expansion into the North American market and aligns with its mission to deliver high-power, sustainable EV charging solutions globally [3][4]. - ZOOZ Power and NYPA are actively monitoring the performance of the ZOOZTER™-100 to optimize operations and explore potential broader implementations at additional locations [3][4]. Group 3: Company Overview - ZOOZ Power specializes in flywheel-based power boosting and energy management solutions, facilitating the widespread deployment of ultra-fast charging infrastructure for electric vehicles while addressing existing grid limitations [5][6]. - The company's technology is designed to improve utilization rates, efficiency, flexibility, and accelerate revenue and profitability growth for its customers and partners [7].

Core Insights - ZOOZ Power is enhancing its strategic focus by introducing Energy Storage Systems (ESS) and an upgraded Energy Management System (EMS) to improve EV charging performance and cost efficiency [1][2][3] - The new ESS allows charging operators to store energy during off-peak periods and use it during peak demand, significantly reducing electricity costs and operational expenses [2] - The upgraded EMS provides real-time management and rapid response capabilities, optimizing energy flow and extending battery lifecycles [3] - The ZOOZTER Intelligent Power Booster continues to support ultra-fast EV charging, even in areas with limited grid capacity, by providing high-power bursts during charging sessions [4] - ZOOZ Power is expanding its global sales team, appointing Mr. Ilan Tevet as Vice President of Global Sales to drive growth and support global expansion [5][6] - The company is also appointing new sales managers in strategic markets such as the UK, Germany, and France to align with the increasing adoption of electric vehicles [6][7] Company Overview - ZOOZ Power specializes in flywheel-based power boosting and energy management solutions, facilitating the deployment of ultra-fast charging infrastructure for electric vehicles [8][9] - The company's technology allows for efficient power management at EV charging sites, overcoming grid limitations and enhancing charging infrastructure [9][10] - ZOOZ Power's solutions are designed with sustainability in mind, promoting better efficiency and faster revenue growth for customers [10]