Zooz Power completes initial purchase of bitcoin valued at $60M

ZOOZ Power (ZOOZ) announced the subsequent closing of its private placement initially announced on July 29, 2025, in connection with the Company’s adoption of a bitcoin (BTC-USD) treasury reserve strategy. The subsequent closing follows the shareholder approvals received at the Company’s extraordinary general meeting held on September 19, 2025. In addition, ZOOZ purchased 525 bitcoin for an aggregate consideration of $60less than, signifying the official launch of its treasury program. On September 29, 2025, the Company filed a shelf registration statement on Form F-3 with the Securities Exchange Commission which, upon effectiveness, will provide the Company with the ability to raise up to $1B in additional capital to execute on its business plan. Net Cash Proceeds: $159M, which includes $5M from the July 2025 PIPE and the potential for an additional $3M. Approximately 95% of net proceeds, intended to acquire bitcoin for long-term treasury management In connection with the shareholder approval, the Company has re-constituted its Board of Directors. Jordan Fried, Todd Thomson and Samer Haj-Yehia joined following the initial closing of the transaction. Following the shareholder vote, Alberto Franco and Jonas Grossman joined the Board of Directors effective as of the subsequent closing, with Jordan Fried, Todd Thomson, Samer Haj-Yehia all being re-elected. Using the net proceeds of the subsequent private placement, ZOOZ purchased approximately 525 bitcoin for an aggregate consideration of $60M, at an average price of ~$114,000 per bitcoin.