TechFlow news, August 6 — ZOOZ Power (Nasdaq/Tel Aviv Stock Exchange: ZOOZ) announced on August 6 the completion of its first $5 million private placement round at $2 per share. This financing represents the initial phase of the previously announced $180 million private placement plan with institutional investors. Upon shareholder approval, approximately 95% of the proceeds from the private placement will be allocated to implement a Bitcoin reserve strategy. This move will make ZOOZ the first dual-listed company on both Nasdaq and the Tel Aviv Stock Exchange to adopt Bitcoin as a treasury asset.
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