ZOOZ Power, listed on both Nasdaq and TASE, has received shareholder approval for a series of significant proposals linked to a $180 million private placement (PIPE) and a pioneering Bitcoin Treasury Reserve Strategy during an Extraordinary General Meeting. The company anticipates finalizing the PIPE by the week of September 22, 2025.
The approved motions encompass the issuance of ordinary shares and warrants, an increase in authorized share capital, and the election of new board members, specifically Alberto Franco and Jonas Grossman. ZOOZ Power is set to allocate around 95% of the net proceeds from this funding towards purchasing and holding Bitcoin, thus positioning itself as the first dual-listed entity to adopt a Bitcoin treasury reserve approach.
This strategic decision marks a crucial shift for ZOOZ, indicating the company’s ambition to integrate cryptocurrency into its financial strategy amidst a growing trend of institutional adoption of digital assets. By committing such a substantial percentage of its capital for Bitcoin acquisition, ZOOZ Power is venturing into uncharted territory that diverges from conventional treasury management methodologies.
The company has secured advisory services from reputable firms to bolster this initiative, with Chardan serving as the sole placement agent and Cooley LLP providing legal guidance. The involvement of established advisors adds credibility to ZOOZ’s innovative approach, appealing to both U.S. and Israeli investors who are now offered streamlined access to this dual-listed investment model.
Analysts point out that while this move could provide long-term financial upside for shareholders by directly linking their investment to Bitcoin’s performance, it also introduces significant risks. The concentration of such a large portion of funds into the volatile cryptocurrency market raises concerns about potential shareholder dilution from new share issuances and the overall risk profile moving away from more traditional treasury assets.
As ZOOZ prepares for the closing of the PIPE, the market will be closely monitoring Bitcoin’s performance, as fluctuations in its price could have pronounced effects on the company’s valuation and stability. This effort not only aims to drive growth and differentiation but also seeks to position ZOOZ as an exemplar in the evolving landscape of corporate cryptocurrency engagement.
