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Jiuzi Holdings, Inc. Announces Pricing of $5.5 Million Registered Direct Offering and Concurrent Private Placement
Globenewswire· 2025-09-29 13:25
Core Viewpoint - Jiuzi Holdings, Inc. has entered into a securities purchase agreement for a registered direct offering of 9,220,000 shares and a concurrent private placement of unregistered warrants to purchase up to 18,440,000 shares, with a combined offering price of $0.60 per share and warrant [1][2]. Group 1: Offering Details - The total gross proceeds from the offering are estimated to be $5.5 million before deducting fees and expenses, with the closing expected around September 30, 2025 [2]. - The company plans to allocate approximately 70% of the proceeds to invest in cryptocurrency assets [2]. - Maxim Group LLC is acting as the sole placement agent for the offering [3]. Group 2: Regulatory Information - The ordinary shares are being offered under a shelf registration statement declared effective by the SEC on December 14, 2022, and will be made available through a prospectus supplement [4]. - The warrants issued in the private placement are not registered under the Securities Act or applicable state laws [5]. Group 3: Company Overview - Jiuzi Holdings, Inc. specializes in smart charging infrastructure for new energy vehicles in China's lower-tier cities, focusing on high-power DC fast-charging stations and integrated energy storage systems [7]. - The company aims to expand its intelligent charging network through 2026, contributing to carbon neutrality and sustainable transportation [7]. - The recent expansion into cryptocurrency asset investments is part of the company's strategy to strengthen its balance sheet and diversify its capital structure [7].
JiuZi Company Appoints Blockchain Veteran Dr. Doug Buerger as COO to Spearhead Crypto Treasury Overhaul and Capitalize on Surging Crypyo Asset Growth
Globenewswire· 2025-09-23 14:35
Core Viewpoint - JZXN Holdings, Inc. has appointed Dr. Doug Buerger as Chief Operating Officer to lead the company's crypto treasury strategy, focusing on integrating major cryptocurrencies and enhancing shareholder value through innovative financial strategies [1][2][3]. Company Leadership - Dr. Doug Buerger has over 30 years of experience in blockchain, artificial intelligence, and crypto ecosystems, with expertise in blockchain architecture, tokenomics, and decentralized finance [2]. - The CEO of JZXN, Mr. Tao Li, emphasizes that Dr. Buerger's leadership will enhance the company's crypto transformation and resilience [3]. Strategic Focus - Dr. Buerger's key priorities as COO include: - Integrating Bitcoin (BTC), Ethereum (ETH), and other major cryptocurrencies into the company's balance sheet [2]. - Establishing a comprehensive treasury management framework with risk controls and yield optimization [2]. - Exploring participation in DeFi protocols and staking opportunities to enhance shareholder value [2]. Company Background - JZXN is a leading provider of smart charging infrastructure for new energy vehicles in China's lower-tier cities, specializing in high-power DC fast-charging stations and integrated energy storage systems [3]. - The company plans to expand its intelligent charging network through 2026, contributing to carbon neutrality and sustainable transportation development [3].