ZOOZ Shareholders Approve Previously Announced $180 Million Private Placement and Bitcoin Treasury Reserve Strategy, Along with All Related Proposals

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].