ZOOZ Power Ltd. (Nasdaq/TASE: ZOOZ) has announced a significant strategic pivot, launching a $180 million private placement (PIPE) to implement a Bitcoin Treasury Reserve Strategy. The company will become the first Nasdaq and TASE dual-listed company to hold Bitcoin in its treasury.
The PIPE involves selling 180 million ordinary shares at $1.00 per share to institutional investors including Pantera Capital, FalconX, and Arrington Capital. Additionally, ZOOZ announced a separate $5 million initial private placement at $2.00 per share with accompanying warrants.
The company is undergoing major leadership changes, with Jordan Fried, former Hedera Hashgraph founding member, becoming CEO on July 31, 2025. The board will also welcome new directors including Todd Thomson, former Citigroup CFO, and other notable executives. ZOOZ plans to use 95% of the net proceeds for its…
