Company Overview - ZOOZ Power Ltd. is a leading provider of Flywheel-based power boosting and power management solutions for ultra-fast multiport Electric Vehicle (EV) charging [3][4] - The company is publicly traded on NASDAQ and TASE under the ticker ZOOZ [4] Industry Context - The rapid acceleration of the EV revolution is outpacing existing grid infrastructure, creating a gap that requires innovative solutions [4] - ZOOZ Power's sustainable solutions are designed to assist in the deployment of fast-charging infrastructure, improving utilization rates, efficiency, flexibility, and revenue growth [4] Upcoming Events - CEO Erez Zimerman will participate in Benchmark's 13th Annual Discovery One-on-One Investor Conference on December 11, 2024, in NYC [1][2]

Core Viewpoint - ZOOZ Power Ltd. has entered into a Standby Equity Purchase Agreement (SEPA) with Yorkville Advisors, providing a flexible financing option to support its growth and capital needs [1][2]. Financing Agreement - Under the SEPA, ZOOZ can sell up to $12 million in ordinary shares to Yorkville over two years, with shares priced at 97% of the market price during a specified three-day pricing period [2]. - ZOOZ retains the right to set a minimum acceptable price for these share issuances, and there are limitations on the ownership percentage of shares by Yorkville and its affiliates [2][3]. - The SEPA is contingent upon the filing and effectiveness of a registration statement with the U.S. Securities and Exchange Commission [3]. Strategic Use of Funds - The company plans to utilize the SEPA strategically, allowing for capital raising as needed while maintaining control over timing and volume [4]. - This financing solution is expected to provide supplemental capital, enabling ZOOZ to manage equity sales effectively [5]. Company Overview - ZOOZ Power is a leader in Flywheel-based power boosting and management solutions, facilitating ultra-fast multi-port EV charging [6][7]. - The company's technology addresses grid limitations and enhances the deployment of fast-charging infrastructure, promoting efficiency and profitability growth [8].

Customer Concentration and Risks - ZOOZ's customer base is highly concentrated, with single customers representing a significant portion of sales, increasing commercial negotiation leverage and potential negative impacts on prices, revenues, and gross margins[163] - ZOOZ faces increased credit risk due to potential liquidity issues among its customers, which could lead to reduced purchases, delayed deliveries, or customer consolidation[164] - Early-stage companies, which form a significant portion of ZOOZ's customer base, present higher risks due to lack of market acceptance, funding challenges, and greater vulnerability to supply chain disruptions[166] International Expansion and Operational Challenges - Expanding into regions without a local presence poses challenges such as customer service delays, regulatory compliance issues, and competitive disadvantages[167][168][169] - ZOOZ is subject to international business risks including economic instability, political unrest, pandemics, and adverse changes in governmental policies[172] Regulatory and Compliance Risks - Compliance with environmental, labor, health, and safety laws across multiple jurisdictions could result in significant costs and operational restrictions[171][178] - Violations of anti-corruption laws, such as the FCPA, could lead to fines, penalties, and reputational damage[176][177] Legal and Litigation Risks - ZOOZ may face securities litigation, which could result in substantial costs and diversion of management attention[174] - ZOOZ may face claims for additional remuneration or royalties from employees for assigned inventions, potentially leading to litigation or financial impact[209] Tax and Financial Risks - Changes in tax laws or regulations in Israel, the United States, and other jurisdictions could increase ZOOZ's effective tax rate and reduce cash flow[182][183] - Transfer pricing rules in various jurisdictions could lead to additional corporate income tax liabilities if challenged by tax authorities[185] Intellectual Property and Employee Relations - A significant portion of ZOOZ's intellectual property is developed by employees and classified as "service inventions" under Israeli Patent Law, belonging to the employer unless otherwise agreed[208] Corporate Governance and Shareholder Responsibilities - Shareholders of ZOOZ are governed by Israeli law and the company's articles of association, which impose duties such as acting in good faith and fairness, differing from U.S. shareholder responsibilities[211]