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ZOOZ Purchases 329 Bitcoin valued at $40 Million, Bringing Total Holding to 854 Bitcoin Valued at More than $100m
Prnewswire· 2025-10-06 12:30
Core Insights - ZOOZ Power Ltd. has completed an additional purchase of 329 Bitcoin for approximately $40 million, increasing its total Bitcoin holdings to 854 Bitcoin valued at over $100 million, marking a significant advancement in its Bitcoin treasury reserve strategy [1][2] - The company aims to transform into an institutional-quality Bitcoin treasury, focusing on long-term holding of Bitcoin to provide investors with exposure to the Bitcoin asset class through ZOOZ equity [2] - ZOOZ is the first dual-listed company on Nasdaq and TASE implementing a long-term strategic Bitcoin treasury, positioning itself as a pioneer in capital allocation and offering shareholders potential long-term asymmetric upside through direct Bitcoin exposure [3] Bitcoin Purchases - To date, ZOOZ has purchased a total of 854 Bitcoin for an aggregate consideration of $100 million, funded by the net proceeds from a private placement announced on July 29, 2025 [2]
Crude Oil Down 1%; Lennar Earnings Miss Views - Barfresh Food Group (NASDAQ:BRFH), AGM Group Holdings (NASDAQ:AGMH)
Benzinga· 2025-09-19 18:04
Market Overview - U.S. stocks experienced gains, with the Nasdaq Composite increasing by approximately 100 points on Friday. The Dow rose by 0.34% to 46,297.65, the NASDAQ increased by 0.45% to 22,572.34, and the S&P 500 gained 0.31% to 6,652.30 [1] - Consumer discretionary shares saw a rise of 0.8%, while energy stocks fell by 1% on the same day [1] Company Performance - Lennar Corp. reported weaker-than-expected third-quarter results, with adjusted earnings of $2 per share, missing the consensus estimate of $2.10. Quarterly revenue was $8.81 billion, below the Street estimate of $8.99 billion [2] Commodity Market - In commodity news, oil prices decreased by 1.2% to $62.80, while gold prices increased by 0.3% to $3,690.40. Silver rose by 1.1% to $42.575, and copper saw a slight increase of 0.2% to $4.6080 [5] Stock Movements - AGM Group Holdings Inc. saw a significant increase in shares, rising 378% to $10.67 after announcing the sale of Nanjing Lucun Semiconductor Co. Ltd. for $57.45 million [8] - Barfresh Food Group, Inc. shares surged by 10% to $4.2201 following an increase in revenue guidance for FY26 and an upward revision of FY25 sales guidance [8] - ZOOZ Power Ltd. shares increased by 33% to $3.11 after shareholder approval for a $180 million private placement [8] - Reviva Pharmaceuticals Holdings, Inc. shares dropped by 38% to $0.2615 after announcing a $9 million offering of common shares and warrants [8] - ChowChow Cloud International shares fell by 17% to $4.45 amid post-IPO volatility [8] - Hess Midstream LP shares decreased by 9% to $35.81 after the company revised its financial outlook due to a slowdown in drilling activity by Chevron Corp [8] International Markets - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.06% and Spain's IBEX 35 Index increasing by 0.64%. However, Germany's DAX 40 fell by 0.02% [6] - Asian markets closed mostly lower, with Japan's Nikkei declining by 0.57% and China's Shanghai Composite falling by 0.30% [9]
ZOOZ Shareholders Approve Previously Announced $180 Million Private Placement and Bitcoin Treasury Reserve Strategy, Along with All Related Proposals
Globenewswire· 2025-09-19 13:00
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].