US-listed company ZOOZ announces private placement of US$180 million to launch Bitcoin treasury reserve strategy
On July 29, it was reported that U.S. listed company ZOOZ Power Ltd. (ZOOZ) announced a private placement of US$180 million and launched a Bitcoin treasury reserve strategy. PIPE still needs to obtain shareholder approval and is expected to sell 180 million shares of the company's common shares and prepaid warrants at a price of US$1 per share. Participants in this PIPE include strategic investors Pantera Capital, FalconX, Arrington Capital, UTXO Management, ATW Partners and well-known Israeli investor Alex Rabinovitch.
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