ZOOZ Power announces $180M private placement for bitcoin reserve strategy, CEO appointment
Main Idea
ZOOZ Power's stock declined after announcing a $180M private placement with institutional investors for a bitcoin reserve strategy.
Key Points
1. ZOOZ Power (NASDAQ:ZOOZ) was trading lower following the announcement.
2. The company announced a $180M private placement (PIPE) with institutional investors.
3. The funds are intended for the launch of a bitcoin reserve strategy.
Description
More on ZOOZ Power Ltd. Seeking Alpha’s Quant Rating on ZOOZ Power Ltd. Historical earnings data for ZOOZ Power Ltd. Financial information for ZOOZ Power Ltd.
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