ZOOZ Completes First Round of $5 Million Private Equity Funding, Plans to Use 95% of Funds in Bitcoin Reserves

PANews reported on August 6th that according to GlobeNewswire, ZOOZ, a dual-listed company on Nasdaq and Tel Aviv, has completed its first round of private financing, raising $5 million at a price of $2 per share (or prepaid warrants) and including two warrants with an exercise price of $3.06 per share. This round represents the first phase of a $180 million private placement . Following shareholder approval of the remaining funds, the company plans to use approximately 95% of the proceeds, after repayment of the promissory note, to establish a Bitcoin reserve, making it the first dual-listed company to implement a long-term BTC vault strategy.